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Social Security: Democrats Raise Taxes

Location: Washington, DC

SOCIAL SECURITY: DEMOCRATS RAISE TAXES -- (House of Representatives - June 08, 2005)

(Mr. MILLER of Florida asked and was given permission to address the House for 1 minute and to revise and extend his remarks.)

Mr. MILLER of Florida. Madam Speaker, I rise today to continue to shine the light on the need for reform of our Social Security. On Monday, an editorial ran in The Washington Post which criticized the Democratic leadership for not having or supporting a plan for Social Security reform. The editorial also hammered the plan offered by Democrat Robert Wexler as a lopsided quick fix, calling the proposal both unbalanced and inadequate. They say the plan would merely raise payroll taxes and would fail to provide long-term relief. Further, the proposal shows little or no benefit for workers under the age of 55.

One solution which could help improve Social Security and provide long-term relief is through personal retirement accounts. Giving Americans the option of putting a portion of their payroll taxes into small personal accounts is a more balanced and better solution to the Social Security problem. Quick fixes, such as the one proposed by Robert Wexler, will only pass the problem of Social Security to younger generations.

Madam Speaker, our children and grandchildren deserve the best, including a Social Security program which provides generational fairness. And clearly Americans are hearing this clarion call. In fact, a recent Fox News poll showed that 84 percent of workers age 18 to 55 would support having the option of personal accounts.

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