Thursday, February 10, 2005

The White House convinces another Republican of the wisdom of their Social Security Plan

I'm not sure what they offered him behind closed doors but here's the report from CQ's Midday Update:
MCCRERY SAYS WHITE HOUSE HAS WON HIM OVER TO BUSH'S SOCIAL SECURITY PLAN  The White House's lobbying effort on behalf of its Social Security overhaul has already yielded results. Jim McCrery, R-La., the chairman of the House Ways and Means Subcommittee on Social Security, said the director of the White House National Economic Council, Allan B. Hubbard, sold him on the president's approach in a private meeting yesterday. McCrery previously had said he preferred the creation of "add-on" personal accounts rather than allowing workers to divert part of their payroll taxes to create private investment accounts within Social Security. "I'm convinced the president's approach is worth pursuing in the legislative process," McCrery said today. "Frankly, I had not thought of the policy rationale they described yesterday." McCrery said Hubbard argued that any overhaul of Social Security should tinker only with the system's existing revenue and not draw on other tax sources. 


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