http://abcnews.go.com/Politics/wireStory?id=384212WASHINGTON Jan 4, 2005 — The Bush administration is focusing on a Social Security proposal that would allow younger workers to invest up to 4 percent of their payroll taxes in private accounts, with contributions limited to about $1,000 to $1,300 a year, an official said Tuesday. A final plan is expected to be unveiled in late February.
To sell the idea of a Social Security overhaul and private investment accounts the administration plans to duplicate its successful campaign for tax cuts.
At an event planned for Monday, Bush will meet with White House-approved people of varying ages to illustrate how changes to Social Security would affect different generations.
The strategy is similar to Bush's efforts to gain support for his tax cut packages by featuring "tax families" and their financial situations.