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In 2001, Hayes helped the U.S. House of Representatives take the first step towards a privatized Social Security plan by voting against a bill that would have stopped the White House from implementing the Social Security privatization plan being developed by President Bush's Social Security Commission.
The Bush Commission was stacked to include only proponents of privatization -- and ultimately recommended three possible plans, all of which include some privatization of Social Security.

Privatizing Social Security would require an increase in Social Security taxes or a return to the days of deficit spending, or a reduction in guaranteed benefits to pay for transition cost in the trillions.

Max Richman, executive vice president of the National Committee to Preserve Social Security and Medicare, said of the Commission's proposals, "Each of the proposals put forward by the commission require specific, massive cuts in defined benefits -- even for those who do not opt for the voluntary accounts."

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