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Nation IN BRIEF / WASHINGTON, D.C.

Gingrich Shifts on Use of Surplus Funds

May 09, 1998|From Times Wire Reports

In a turnabout, House Speaker Newt Gingrich said the projected federal surplus now looks so big that it should be split evenly between cutting taxes and shoring up Social Security. The Georgia Republican had been saying he wants the surplus used to reinforce Social Security by distributing it among Americans so they could establish "personal retirement accounts," investments to supplement their retirement income.

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