[Congressional Record (Bound Edition), Volume 151 (2005), Part 6]
[House]
[Pages 8729-8730]
[From the U.S. Government Publishing Office, www.gpo.gov]




                         SOCIAL SECURITY REFORM

  (Mr. MACK asked and was given permission to address the House for 1 
minute.)
  Mr. MACK. Mr. Speaker, I rise today to express my support for two 
pieces of legislation that will reform, protect and improve Social 
Security for generations to come.
  H.R. 1776, introduced by the gentleman from Wisconsin (Mr. Ryan), and 
H.R. 530, introduced by the gentleman from Texas (Mr. Sam Johnson), 
ensure Social Security's permanent solvency without raising taxes. For 
those individuals 55 and older, both bills guarantee there will be no 
changes to their Social Security.

[[Page 8730]]

  For workers under 55, both plans provide an option for them to remain 
in the current Social Security system or to have a portion of their 
Social Security payroll taxes fund their own individual personal 
savings accounts. At the same time, both plans will yield substantial 
new savings, new investment and new economic growth, ensuring our 
children and grandchildren have the freedom, security and prosperity 
they deserve.
  Mr. Speaker, I strongly urge my colleagues to take an active role in 
tackling Social Security's problems by supporting one or both of these 
bills, and I look forward to the House's active consideration of these 
proposals.

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