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View summaries, commentary and other helpful information on Social Security reform proposals.
 
New America Foundation Announces Nonpartisan Reform Plan
The New America Foundation announced the release of a nonpartisan plan for reforming Social Security, aimed at showing lawmakers that, contrary to popular opinion, compromise is possible. The plan's authors include Maya MacGuineas, director of the fiscal policy program at the foundation; Jeffrey Liebman, professor of public policy at Harvard's Kennedy School of Government and special assistant to President Clinton for economic policy; and Andrew Samwick, professor of economics at Dartmouth College and a member of President Bush's Council of Economics Advisers.
The plan includes a personal account component and also includes a reduction in future benefits, an increase in the payroll tax cap, and a raise in the retirement age. The announcement emphasized that the plan "puts great emphasis on fiscal responsibility."
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