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News -> Gari-News
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New Congress Faces Some Old Issues |
01/01/05
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Capitol Hill Blue, VA
The 109th Congress opens at noon on Tuesday. Here's a look at the top issues for President Bush and the Republicans who control both the House and Senate:
SOCIAL SECURITY: The president says the nation's retirement system is in crisis and needs to be fixed immediately to keep it solvent. Although details are sketchy, Bush wants Congress to approve a plan that would allow workers to invest part of their Social Security taxes into private accounts. Democratic critics say there's no crisis and argue the president is out to privatize the system.
TAXES: Fulfilling a pledge he made in his campaign, Bush wants to make his tax cuts permanent and overhaul the federal tax code. The president wants a commission to study tax changes and make recommendations later this year. Although Bush has yet to endorse a proposal, ideas being discussed in Washington include a national sales tax or a flat income tax to replace the current multi-tiered income tax system.
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