On the recordFebruary 3, 1999
we all of us here in Congress must speak out very loudly and very clearly about protecting the very foundations of our Nation's retirement security. Democrats say save the surplus to protect social security and Medicare. Our Republican colleagues' rhetoric has frightened a whole generation of American people to such an extent that they fear it will not be there when they retire. I am one of them. But the Democratic plan will keep our economic engine running and competitive while maintaining fiscal discipline, and ensuring that social security and Medicare will absolutely be there to protect every American family. Republicans want to leave over 45 million middle class families out in the cold with their tax cuts for the wealthy, with their tax plan. But the average annual cut for 60 percent of regular American taxpayers would be a measly $100. Compare that to $20,000 for those earning over $300,000 and we will see who will be shortchanged. The Republican tax cut plan is unfair. Let us use the surplus for everyone.
Source
govinfo.gov




