News Release

WASHINGTON – Campaign for America’s Future co-director Robert Borosage today said that House Majority Leader Steny Hoyer will get burned if he insists on stepping on Social Security, the “third rail of American politics.”

Twenty-six out of the 29 Democratic candidates who won seats previously held by Republicans in the House and Senate championed bold progressive economic positions, according to a new report released today by the Campaign for America’s Future. The report shows that these progressive candidates’ victories represent a swing to the left of 34 votes in the House and 10 in the Senate, reflecting a clear mandate for progressive change.

The Campaign for America’s Future launched an economic war room today to help frame the ongoing debate as the economy changes at an increasing pace and continues to get worse for millions of Americans. The operation will deliver daily poll-tested talking points tying the latest research by think tanks like the EPI Policy Center to the latest opinion research by top strategists.

Social Security privatization, embraced by Sen. John McCain, R-Ariz., would cut guaranteed benefits for thousands of future retirees by thousands of dollars, according to a new state-specific report released today by the research arm of the Campaign for America’s Future.

ON INCOMES:
--Inflation-adjusted average CEO pay at depth of recession in 2002: $7,773,000
--Average CEO pay as of 2004: $9,600,000
[Executive Pay, Business Week 4/21/2003; A Payday For Performance, Business Week 4/18/2005]

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Cadott, WI – Wisconsin United to Protect Social Security along with the Wisconsin Department of Agriculture, Trade and Consumer Protection Secretary Rod Nilsestuen and the Wisconsin Farmers Union held a press conference today to decry steep benefit cuts and the risky privatization scheme under President Bush's Social Security proposal as part of the launch of Rural Americans for a Secure more »

NEVADA - Nevada United to Protect Social Security held a press call today, joined by Senator Harry Reid (D-NV), to release a report showing that Nevada's rural areas depend on Social Security income more than the non-rural communities.  On the call, Senator Reid decried steep benefit cuts and the risky privatization scheme under President Bush's Social Security proposal as dangerous f more »

Bellefonte, PA - At a press conference today in Centre County, Pennsylvanians United to Protect Social Security, along with Ni-Ta-Nee NOW and other members of the Pennsylvanians United coalition, released a report that illustrates how much rural and farming communities would suffer under the Bush/Santorum privatization plan.

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University Park, PA - As President Bush arrives in University Park, PA today to address the Future Farmers of America, one topic he's not likely to bring up is the negative impact of his Social Security cuts on rural Pennsylvanians.

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BOSTON— A new report, entitled ”Taxpayers for a Day:  The Most to Gain, the Least to Lose” from United for a Fair Economy (UFE) and the Institute for America’s Future (IAF), finds that CEOs of Wall Street firms supporting the partial privatization of Social Security effectively pay into the system for only a few days a year. more »