Wednesday, June 29, 2005

Grassley: Expect Revenue Increases to Address Social Security

Senate Finance Chair Charles Grassley (R-IA) says that 10 of 11 GOP members of that committee have come to a general agreement about legislation on Social Security. He expected a combination of subtle revenue increases, adjustments in benefit calculations and adjustments in retirement ages.

There is some question whether President Bush will (or politically can) accept even subtle tax changes and Democrats may question the benefit calculation adjustments. Nevertheless, it looks like Senator Grassley has a good chance of at least getting a bill out of committee.


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