Boehner Backs Wall Street Donors in Pension Bill

Wed, 17 Jan 2007 19:19:35 +0000

Take one House majority leader, add more than $870,000 in campaign contributions from the securities and investment industry, and what kind of pension reform legislation do you get?

One that, in the words of The New York Times, “rather than strengthening the pension system, would actually weaken it, according to a little-noticed analysis by the government’s pension agency… The agency’s report projects that the House and Senate bills would lower corporate contributions to the already underfinanced pension system by $140 billion to $160 billion in the next three years.”

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Boehner Backs Wall Street Donors in Pension Bill