George W. Bush
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Bush stands with supporters in Concord, New Hampshire after filing to run for the presidency
added by the Democrats onto a war funding bill and passed by Congress. The SCHIP legislation would have significantly expanded federally funded health care benefits and plans to children of some low-income families from about six million to ten million children. It was to be funded by an increase in the cigarette tax. Bush viewed the legislation as a move toward socialized health care, and asserted that the program could benefit families making as much as $83,000 per year who did not need the help. Following Republican efforts to pass the Medicare Act of 2003, Bush signed the bill, which included major changes to the Medicare program by providing beneficiaries with some assistance in paying for prescription drugs, while relying on private insurance for the delivery of benefits. The retired persons lobby group AARP worked with the Bush Administration
on the program and gave their endorsement. Bush said the law, estimated to cost $400 billion over the first ten years, would give the elderly "better choices and more control over their health care". Bush began his second term by outlining a major initiative to reform Social Security, which was facing record deficit projections beginning in 2005. Bush made it the centerpiece of his domestic agenda despite opposition from some in the U.S. Congress. In his 2005 State of the Union Address, Bush discussed the potential impending bankruptcy of the program and outlined his new program, which included partial privatization of the system, personal Social Security accounts, and options to permit Americans to divert a portion of their Social Security tax (FICA) into secured investments. Democrats opposed the proposal to partially privatize the system. Bush embarked on a 60-day national tour, campaigning vigorously for his initiative in media events, known as the "Conversations on Social Security", in an attempt to gain support from the general public. Despite the energetic campaign, public support for the proposal declined and the House Republican leadership decided not to put Social Security reform on the priority list for the remainder of their 2005 legislative agenda. The proposal's legislative prospects were further diminished by the political fallout from the Hurricane Katrina in the fall of 2005. After the Democrats gained control of both houses of the Congress as a result of the 2006 midterm elections, the prospects of any further congressional action on the Bush proposal were dead