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CAPITOL HILL
Report: Bush to fasttrack Social Security legislation

"Republicans in Congress and the White House say they have nearly finished the first stage of their push to overhaul the Social Security system and will soon begin crafting a bill that could pass both chambers by the end of July," the paid-restricted Roll Call reports Monday.

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“It’s all going to be moving very fast,” one Senate Republican leadership aide told Roll Call.

President Bush’s campaign to convince the public to support his Social Security overhaul has taken slightly longer than anticipated, considering that the original plan was to spend the first quarter of this year — January through March — on the “problem-definition and senior reassurance” campaign, the Senate Republican leadership aide said. But Bush has only recently passed the midway point on his “60 Stops in 60 Days” Social Security tour.

By May, though, the president is likely to begin the second phase of his effort, sending Congressional leaders more specific details of his vision of how to create private investment accounts under Social Security, how he would like to pay for any transition costs and how to keep the program solvent beyond 2041, said a senior Bush administration official.

During the summer, Congress is also supposed to begin crafting legislation to have a bill passed by both chambers before Members leave for their annual August recess, the aide said. However, Republican leaders would be satisfied if Senate Finance Chairman Chuck Grassley (R-Iowa) has at least unveiled a bill by the end of July, the aide added.

Still, the timeline assumes that the “final floor fight” on a Social Security overhaul would occur during the fall and winter, in time to have it signed by the president by the end of the year, the aide added.

The GOP leadership aide also told Roll Call that Bush has told Republicans in Congress the White House has planned “no exit strategy” even if public opinion polls sink deeper with regard to Americans opposition to private accounts.

Article originally published Apr. 11, 2005.

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