All Quotes

I think you are not going to get even close to the revenue you think you are going to get, because you are going to create a huge disincentive for work.

Back then it is kind of hard to get the exact number of workers versus beneficiaries.

It was never intended as a welfare program; correct?

I would warn you trying to raise marginal tax rates to the extent you want to is going to really harm economic growth.

The top one percent taxpayers pays more than 40 percent of the total income tax burden.

This would literally turn at least a good chunk of Social Security into more of a general welfare program.

At what point do you raise marginal tax rates up to the point where you literally harm economic growth?

I think you are not going to get even close to the revenue you think you are going to get, because you are going to create a huge disincentive for work.

The solution here is to really kind of break with the original concept of this being a you pay into the system and you get what you pull out.

The Chairman's solution to this is tax the wealthy.

The maximum amount of earnings right now subject to the tax? $168,800, I do believe.

Anybody who has just hit like $100,000, I mean the maximum. What is the maximum amount of earnings right now subject to the tax?

Back then it is kind of hard to get the exact number of workers versus beneficiaries.

You are going to pay in. We are going to save this money for you, and then you are going to pay it out in retirement.

It was never intended as a welfare program; correct?

We have got to solve a problem. The trouble is there is no Reagans or Tip O'Neills in Washington right now.

I would warn you trying to raise marginal tax rates to the extent you want to is going to really harm economic growth.

The top one percent taxpayers pays more than 40 percent of the total income tax burden.