Featuring the author Charles Calomiris, Henry Kaufman Professor of Financial Institutions, Columbia Business School; with comments by Andrew Olmem, Partner, Venable LLP; moderated by Mark Calabria, Director, Financial Regulation Studies, Cato Institute.
Director of Health and Welfare Studies, Cato Institute
With President Bush’s call for comprehensive Social Security reform bogged down in the morass of partisan politics, many reform advocates have suggested smaller steps to get the process started. Recently, leading reformers in both the House and Senate have proposed legislation to rebate Social Security surpluses to workers in the form of contributions to personal accounts. The House is reportedly considering voting on a measure as early as this month. Michael Tanner, director of the Cato Institute’s Project on Social Security Choice, will examine the leading proposals, including S. 1302, the Stop the Raid on Social Security Act of 2005, and H.R. 3304, known as GROW for Growing Real Ownership for Workers. Tanner will discuss how these plans would impact workers, the federal budget, and the ongoing effort for larger reforms.