On the recordJune 17, 2021
That didn't lose their jobs. And the harder part of the scoring is--and this was one of the miracles of 2018 and 2019--the Democrats repeatedly attacked the tax reforms from the end of 2017 and the regulatory reforms. But there were so many people working, and there was such vitality in the economy that Medicare part A, the trust fund, grew in years. Social Security grew in years because there were so many people paying their payroll tax. They didn't really pay income tax because they were part of the population that had been removed from having to pay income tax because we changed--but it turns out, if you actually, truly believe we have a societal obligation to keep our promises, to keep Social Security, to keep Medicare vibrant, it turns out you need an incredibly vibrant economy for people to be working. You can do that also by a rational tax policy instead of a punishing one.
