Doris Matsui: “First of all, this will cost $5 billion over the next 3 years. The reason it is only for the next 3 years is because it…”

“First of all, this will cost $5 billion over the next 3 years. The reason it is only for the next 3 years is because it expires at the end of 3 years. As we know, we have not got any of the appropriations bills to the President's desk, even though the fiscal year will end in about 3 weeks. The reason for it is because, rightfully, the appropriators are having a very difficult time trying to come up with bills that would stay within at least some reasonable budget confines. That is because the tax bill that was passed last year, which incidentally was about $1.4 trillion, and 40 percent of it goes to the top 1 percent of the taxpayers, which basically makes about $1.1 billion a year on their tax returns; but the fact of the matter is that here we are now passing a bill that will cost $5 billion over the next 3 years, and we cannot move appropriation bills. That is somewhat odd, obviously. But more importantly, this $5 billion will invade the Social Security trust fund.”