Thomas Almost Ready to Unveil Social Security Plan

Andrew Roth

From CQ.com ($):

House Ways and Means Chairman Bill Thomas is nearly ready to unveil his long-awaited Social Security plan and is urging Republican leaders to prepare for floor action in July. Thomas wants to package his Social Security changes with a pension law overhaul being fashioned in an Education and the Workforce subcommittee this week. Another key component of the mega-bill Thomas has in mind would be the tax break at the top of the wish list of many investors: erasing the 2008 expiration date on the 15 percent top income tax rate on capital gains. The chief tax writer wants to move his retirement package as soon as possible. A senior House Republican said Thomas, R-Calif., could unveil his plan as early as this week. “I suggest no one take a vacation next week,” Thomas told reporters on June 17.

This is going to be a MONSTER BILL. If I were a betting man, I suspect Thomas will provide support for DeMint's Social Security proposal somewhere in his bill. Stay tuned...
Posted by Andrew Roth on June 20, 2005 10:16 AM to Social Security Choice