"Although privatization has its strongest support amongst Republican Congressmen, two senior ranking Democrats have recently embraced the idea. Senators Daniel Patrick Moynihan (D-NY) and Robert Kerrey (D-NE) have introduced "The Social Security Solvency Act of 1998", which would cut the Social Security payroll tax by 2 percent and allow workers to invest the tax cut in personal savings accounts." -- PBS Online Newshour, August 5, 1998.