Political Quotes

David Schweikert: “No. Now, it is a little more complicated than that because Social Security is on the FICA side. Interest is general…”

On the recordJune 4, 2024
No. Now, it is a little more complicated than that because Social Security is on the FICA side. Interest is general fund. Defense is general fund. Medicare is a little tricky, because it is about--I have a chart here I wasn't going to use. Most people think Medicare is off the FICA tax. Only about a third of it is. That is the Medicare part A. That is the hospital portion. The other part comes out of some fees, and then the majority of it is right out of the general fund.
Said by
David Schweikert
Republican · Arizona
Source
govinfo.gov
Jun 4, 2024

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