Bush Says No Payroll Tax Rise for Social Security
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President Bush ruled out raising  payroll taxes to help pay for Social Security reform on  Thursday, leaving him few options other than a sharp increase  in government borrowing to bankroll transition costs estimated  at up to $2 trillion.
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Two of President Bush's top advisers refused on Sunday to rule out the possibility that wealthy people might have to pay more to help cover the cost of his move to partially privatize Social Security.
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FREDERICKSBURG, Virginia  - President George W. Bush, in a battle with Congress over spending legislation, vowed to veto any tax increase.
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President Bush said on Saturday he  would consider ideas from Democrats as well as Republicans as  he pursues an overhaul of Social Security and other economic  priorities but insisted any fix to the retirement program  should not involve tax increases.
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NO HIKE: President Bush ruled out raising taxes to finance an overhaul of Social Security to help the system survive an impending wave of retiring baby boomers.
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A Republican congressional proponent  of Social Security reform warned President Bush on Sunday not  to rely on a sharp increase in government borrowing to overhaul  the federal retirement program.
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A SOCIAL SECURITY PROPOSAL: The Bush administration is considering allowing younger workers to invest nearly &#36;2 of every &#36;3 from payroll taxes in private accounts, up to &#36;1,000 to &#36;1,300 annually.
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President Bush, under election-year pressure on the economy, said on Sunday that Democratic presidential nominee John Kerry&#39;s plan to raise taxes on the wealthy would hinder the creation of jobs.
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Federal Reserve Chairman Alan Greenspan urged Congress on Wednesday to take a go-slow approach in setting up the private Social Security accounts favored by President Bush. The president said he wasn't ruling out taxing high-income workers more to help the retirement program.
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The Bush administration is focusing on a Social Security proposal that would allow younger workers to invest nearly two-thirds of their payroll taxes in private accounts, with contributions limited to about &#36;1,000 to &#36;1,300 a year, an administration official said Tuesday.
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Republican presidential hopeful Fred Thompson suggested raising out-of-pocket costs for higher-income Medicare beneficiaries, and rival Rudy Giuliani ruled out a Social Security tax increase Wednesday in auditions for support from influential economic conservatives.
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The Bush administration came out today in opposition to Democratic proposals to hold down the scheduled 17 percent increase in Medicare premiums next year, saying that
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WASHINGTON, Aug 20  - President George W. Bush has not decided on whether wholesale changes to the US tax code would be a focus of administration policy if he won a second term, US Treasury Secretary John Snow said on Friday.
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President Bush encouraged governors Monday to support his call for changing the tax code to help more people buy private health care insurance, but did not address their pleas to increase funding for a health care program that insures millions of children of the working poor.
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ST. LOUIS  - President Bush scoffed on Saturday at  Democrat John Kerry's claim he has had only one position on  Iraq and would not raise taxes on middle-class Americans as  Bush sought momentum after the second debate with his  challenger.
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WASHINGTON - President Bush says his economic policies, including billions of dollars in tax cuts, are helping to create new jobs. But not the millions he promised...
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OPPOSITION Leader Mark Latham had told his first big lie of the election campaign by saying Labor had no plans to introduce a national payroll tax, Prime Minister John Howard said today.