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Social Security Tops Bush's 2005 Agenda; Tax, Tort Reform Key; Speed is of the essence to pass 2nd-term ideas through wary Congress.(A)

Investor's Business Daily

| January 03, 2005 | COPYRIGHT 2005 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: JED GRAHAM

President Bush enters 2005 with a domestic agenda as far-reaching as any since Lyndon Johnson's Great Society programs.

Reforming Social Security and the tax code are among his top priorities, joining efforts launched during his first term, such as curbing litigation costs.

That so much seems at stake as the president enters a second term is already an achievement, says Stephen Hess, senior fellow at the Brookings Institution.

Unlike the typical second-term plan, which reprises initiatives left over from the first, "this president has been pretty shrewd in creating a second agenda," Hess said. "He knows how to operate."

Pushing his domestic agenda through Congress will be tough, and it could be tougher if the war in Iraq remains a hard slog.

Bad news in Iraq could sap Bush's approval rating and erode the political capital he earned by winning re-election, says Hess.

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