Representative Tom Tancredo (R-CO) has made a name for himself as a staunch supporter of immigration reform. His approach to Social Security is similar to other Republicans. Tancredo said in 2005 that he supported President Bush's plan to create personal savings accounts "100 percent" in principle but he wanted Bush to offer details in the form of legislation. "We need something we can defend,'" he said. (Denver Post, 2/9/05)
To date, he has offered no specific personal account plan.
*"There is no question that the system is broken. Projections show that by 2016, the only way to avert its collapse will be deep cuts in benefits, heavy borrowing, or substantial tax hikes. The best suggestion I have heard is to switch from a defined benefits approach to a defined contribution approach with payroll tax funded private investment accounts. These accounts would be made available to young workers and function similarly to 401Ks."
http://teamtancredo.org/stands/
