Fusillade in Social Security War
Washington Times (05/30/02) p.D2; Lambro, Donald

According to this commentary, Sen. Jon Corzine's (D-N.J.) criticism of President Bush's plan to let workers invest part of their Social Security payroll taxes in individual accounts was met with rebuttal by Cato Institute analyst Andrew Biggs. Corzine argued that Bush's tax cut would diminish Social Security funds, that workers' retirement savings would be jeopardized, and that the new plan would cut benefits for seniors by over 25 percent. Biggs responded to Corzine's statements by saying that last year's tax cuts had no connection to Social Security, the Enron scandal should highlight the need for workers to control their own investments, and personal accounts would strengthen Social Security and raise benefits for the future.


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