Campaign 2010

Feb 04, 2005

Decision Time for Charles Taylor

DCCC Press

Feb 4, 2005

Decision Time for Charles Taylor

Taylor has two different positions on S.S. privatization; will Taylor finally tell North Carolina's seniors where he REALLY stands?

Rep. Charles Taylor has tried to have it both ways on the issue of Social Security privatization. In fact, Taylor has taken two opposing positions on privatization in the past year.

FLIP... Taylor told the National Taxpayers Union in 2004 that he SUPPORTED privatizing Social Security. Taylor responded:

"I recognize that Social Security will default on its obligations to future retirees unless fundamental reforms are made. Therefore, I will work and vote for a system of Social Security Choice that will allow younger workers to have the choice of investing much of their Social Security taxes in regulated individual retirement accounts. Current retirees and those nearing retirement would not have any change in their Social Security benefits. Social Security Choice will give younger workers ownership of their Social Security accounts, with higher rates of return and better benefits than are possible under the current system." []

FLOP... In late 2004, Taylor told the Asheville Citizen-Times a different story.

U.S. Rep. Charles Taylor, a Brevard Republican representing Western North Carolina, said while he doesn't support Social Security privatization, he believes the system needs work." [Asheville Citizen-Times, 12/02/04]

"Charles Taylor has switched his story on Social Security privatization, but now it's time for Taylor to finally tell North Carolina seniors where he really stands," said DCCC Chairman Rahm Emanuel (IL). "Does Taylor support diverting money from Social Security and putting it in the stock market? Does he support the President's plan to borrow over $2 trillion in new debt over ten years and cut benefits?"