Political Quotes

“I voted aye because I knew that a vote against it would be construed wrongly as a statement in favor of dipping into the Social Security trust fund. Factual inaccuracies in the amendment deserve to be noted. It states that "permanent extension of the inheritance tax repeal would cost, according to the administration's estimate, approximately $104 billion over the next 10 years, all of which would further reduce the Social Security surplus." This statement is factually incorrect. In fact, the confiscatory inheritance--or more accurately, the estate or death tax--will be repealed for 1 year in 2010. In 2011, the death tax is resurrected and at the potency of 2001 rates. I support making permanent the repeal of the death tax. This would in no way endanger the payment of future Social Security benefits. Over the next 10 years, from 2003 through 2012, the President's budget projects a baseline surplus of $463 billion. That amount does not include any Social Security funds.”