RetireSecure.org
Title
The Alliance for Worker Retirement Security - Testimony: An Oversight Hearing on President Bush’s Social Security Privatization Plan: Will You and Your Family be Worse Off?
Description
AWRS is a coalition of over forty organizations whose goal is to reform Social Security so that every American worker has the opportunity to create a secure source of wealth for retirement.
Launched by the National Association of Manufacturers in 1998, the Alliance for Worker Retirement Security (AWRS) is a broad based coalition of over 40 organizations representing large and small employers, corporations, and other diverse groups. Membership includes the NAM, U.S. Chamber of Commerce, the Business Roundtable, NFIB, Pfizer, the Hispanic Business Roundtable, the United Seniors Association and many more.
For far too long, business sat on the sidelines while the demographics of Social Security led to repeated and temporary “fixes” by Congress. This Band-Aid approach has resulted in higher taxes and lower benefits. Yet, despite these benefit cuts and tax increases, the system continues to hemorrhage from the weight of a long term deficit that now approaches $10.5 trillion. According to the most recent Report of the Trustees of the Social Security Administration, absent reform, Social Security taxes will have to be raised by 50 percent or benefits cut by over 30 percent in order to remain solvent. Neither choice is acceptable.
Contact
- NationalAssociationof Manufacturers
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- Washington DC
- United States 20004
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- +1.9999999999
