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FOR IMMEDIATE RELEASE
January 25, 2005
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Pelosi: Latest Republican Proposal to Cut Benefits Hurts Middle-Class Workers

Washington, D.C. -- House Democratic Leader Nancy Pelosi issued the following statement today in response to reports that the Bush Administration is considering cutting future Social Security benefits for retirees based on their income.

“Today, Republicans proposed yet another cut in Social Security benefits for American workers.  They have proposed cutting benefits by almost 50 percent for every single senior in the years to come.  They have proposed cutting Social Security benefits for women because they live longer than men.  They have proposed providing African American and Hispanic workers with different benefits than white workers. 

“This latest Republican proposal to cut benefits for middle-class American workers is just more of the same.  Under this proposal, middle-class workers would see a severe benefit cut but continue to pay the same level of payroll taxes.

“Trillions in increased debt, drastic benefit cuts, and the false promise of private accounts are the wrong ways to go.  The Republicans should try something new -- keeping their promise to American workers.  Millions of Americans have earned their Social Security retirement benefits through a lifetime of hard work.  Rather than cutting benefits and betraying seniors, we should be fighting to protect Social Security as the foundation of a secure retirement.”



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