Tuesday, May 03, 2005

Middle-Class Earners Hit Hard with Bush's Social Security Plan

From the always brilliant Mark Schmitt of the Decembrist blog

Screwing the Very People Who Gave Him the "Mandate"

I noticed something interesting things in the Center on Budget and Policy Priorities' analysis of what seems to be the newest iteration of the Bush Social Security plan, one that combines private accounts with "progressive price indexing," presumably modeled on the Pozen plan. This plan is not a significant redistribution from the well-off to the poor, rather it's a big hit on people at about the $60,000 earnings level, or the equivalent in the future.


Go to the blog for his full analysis.


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