WASHINGTON - January 17 -
WHAT: Center on Budget and Policy Priorities Conference Call: Do African Americans Have a Special Stake in Social Security Reform?
WHEN: Wednesday, Jan. 18 at 11 a.m. (EDT)
-- William Spriggs, Chairman, Department of Economics, Howard University
-- Jason Furman, Non-Resident Senior Fellow, CBPP and Visiting Scholar, Wagner Graduate School of Public Affairs, New York University
The Center on Budget and Policy Priorities will hold a conference call briefing Wednesday, Jan. 18, at 11 a.m. (ET) to examine the implications of Social Security reform for African Americans.
A major report to be issued by the Center that day (and co- authored by the two panelists) reviews a wide range of recent government and academic studies on how African Americans fare under the current Social Security system. These studies show, among other things, that African Americans receive modestly more in Social Security benefits for each dollar they pay in payroll taxes than whites do.
The Center's report also explains why the risks of replacing part of Social Security with private accounts are greater for African Americans than for whites, while the potential rewards are smaller.
Although private-accounts proposals failed to pass Congress in 2005 and no major action on Social Security is expected before the 2006 election, President Bush and others have vowed to continue pushing for private accounts. In addition, Social Security continues to face a serious long-term funding shortfall that must be addressed. This ensures that Congress will eventually return to the issue of Social Security reform.
After opening remarks, the panelists will take questions.
To participate, please register by e-mailing firstname.lastname@example.org , or calling the media team at 202-408-1080.
Register on-line at http://www.cbpp.org/confcall.htm .