"BIRTH TAX"

Senate Democratic Leader Harry Reid:

Too many of the President's economic policies have left Americans and American companies struggling. And after we worked so hard to eliminate the deficit, his policies have added trillions to the debt - in effect, a 'birth tax' of $36,000 on every child that is born. ***

The Bush plan would take our already record high $4.3 trillion national debt and put us another $2 trillion in the red. That's an immoral burden to place on the backs of the next generation.

But maybe most of all, the Bush plan isn't really Social Security reform. It's more like Social Security roulette. Democrats are all for giving Americans more of a say and more choices when it comes to their retirement savings. But that doesn't mean taking Social Security's guarantee and gambling with it. And that's coming from a Senator who represents Las Vegas.

Full text at the Washington Post.

(emphasis added)