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Keyword: pozen

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  • Investment chief: Bush should not insist on private accounts

    05/20/2005 3:37:58 AM PDT · by abb · 6 replies · 298+ views
    The Nashua Telegraph ^ | May 20, 2005 | GLEN JOHNSON
    WASHINGTON – The investment executive President Bush lauds while selling his Social Security overhaul suggested Thursday the White House drop its insistence on private investment accounts funded with payroll taxes if that prevents Democrats from supporting the effort. Bob Pozen, whose concept of “progressive indexing” for future benefits has become an administration favorite, said lawmakers should instead focus on so-called add-on accounts, which are funded with other revenues. The Boston investment chief has suggested increasing investment in Roth IRAs by lifting the existing caps on them. “Given the lack of bipartisan support for carve-out personal accounts, the president should not...
  • A Democrat on Bush's Social Security Team-(Boston fund mgr, Kerry voter may join Bush admin.)

    04/29/2005 10:35:32 PM PDT · by CHARLITE · 9 replies · 854+ views
    New York Times ^ | APRIL 30, 2005 | Eduardo Porter
    The intellectual force behind President Bush's plan to overhaul Social Security, the man the president calls his favorite "Democrat economist," is not an economist. He is Robert C. Pozen, a lawyer and mutual fund executive who serves as chairman of MFS Investment Management in Boston. A registered Democrat, Mr. Pozen donated money to the presidential campaign of Senator John Kerry last year and voted for him on Nov. 2. He was a classmate of Hillary Rodham Clinton at Yale Law School. But all that has not stopped President Bush from embracing Mr. Pozen's main idea to bring the nation's public...