The Public Record
Americans are being taxed at the highest rate since World War II. The worst example of this is the death tax, a provision that punishes Americans trying to leave a family farm or small business to their loved ones. Instead of being left a…
it is projected that the Federal Government will take in more than $2 trillion in taxpayer overpayments over the next decade, excluding Social Security dollars. Should we not use a small part of this surplus to correct one of the most…
Mr. Speaker, for over 30 years, surplus dollars in the Social Security Trust Fund were raided and spent on unrelated programs. Last year, this Congress took the first step towards stopping the raid on Social Security bypassing legislation…
Mr. Speaker, this is not a complicated bill. It is very simple. It is basically saying that, for the first time in more than 40 years, that we are not going to spend the surplus, whatever that surplus is. That is, in Medicare and Social…
My ultimate goal is to do as we did last year with Social Security and take it completely off budget. My concern is, because of opposition on the gentleman's side and the fact that the Vice President evidently, and Senator Daschle, a…
my original bill actually did take it off budget. That is what I would like to see done eventually. However, as the gentleman knows, I did pass legislation last year, which I believe the gentleman supported, on taking Social Security off…
I would like to outline the six points of the Republican budget plan and compare it a bit with the Democrat plan, or the plans they have had over the last 30 years when they were in power. Number one. Last year the House of Representatives…
balanced budget security for America's future, a GOP plan. I would like to go down this, if I could, to outline the six points of the Republican plan. Number one, protects 100 percent of Social Security surplus. All of the $166 billion…
As this first point shows, this Republican Congress has ended the 30-year, $655 billion raid on Social Security. As the next chart shows, regrettably, Congresses of the past raided Social Security to pay for unrelated Washington programs…
What could be more fair than allowing seniors to continue working without losing Social Security benefits? Today we are voting on legislation to end the outdated Social Security earnings limit. Under this legislation, more than 800,000…
I rise today to say that working seniors deserve a break, and it is time we gave it to them. I think most of us in this chamber agree that our Tax Code needs to be fairer. And in order for the Tax Code to be fairer, we must first eliminate…
Mr. Speaker, when a couple stands at the alter and says ``I do,'' they are not agreeing to higher taxes. On tax day, April 15, 25 million American couples, including 47,000 within my own district in northern California, will pay up to…
Mr. Speaker, this is really, I believe, what it is all about: Are we as Americans going to allow a tax that basically tells a young couple, a man and a woman who want to get married, that we are going to penalize them an average of $1,400…
The old wise philosophers always say, if you want less of something, tax it. Well, we have taxed marriage, holy union between man and wife; and we have taxed it hard. Unfortunately in America we have less of it. It seems pretty incredible…
Twenty-five million married couples, that is 50 million people, plus their families, their children would be assisted, if the President works with us. And, again, he has some legislation of his own, it only gives one quarter as much relief…
The President's marriage penalty plan would give relief of $45 billion over 10 years. Our legislation would give relief of $182 billion, about four times more, in tax relief over those same 10 years. The President's plan doubles the…
The average penalty for these 25 million couples is $1,400. So we are talking in the vicinity of $1,400 that these working families, married couples, would be able to keep of their own money, that other people, if they were working…
our tax system is unfair, for many reasons. It punishes those who invest, those who succeed in business, even those who die. But one tax provision which seems particularly unfair is the marriage tax penalty. This tax penalty occurs when a…
I think that really says it. It is wrong. It is something that should have been corrected long ago.
Yesterday was Halloween, another landmark along the trail of days since the House passed my Social Security lockbox protection bill. Since we passed this important bill on May 26, we have celebrated Memorial Day, the Fourth of July, Labor…
today is Day 154 of the Social Security lockbox held hostage by Senate Democrats. 154 days ago House Republicans and Democrats joined together to pass a bill I authored, H.R. 1259, the Social Security and Medicare Safe Deposit Box of 1999…
Mr. Speaker, the reason we are here this morning, and the reason we are bringing up this sense of a concurrent resolution to not, for the first time, be spending Social Security surplus is because of what we have done in the past. We have…
Mr. DeMINT. Mr. Speaker, when we get past all of the rhetoric, the legislation, and the debate, our job here in Congress is to try to secure the future for every American. There are no Americans more deserving than our senior citizens who…
Today I rise to announce the introduction of The Death Tax Inflation Adjustment Act, legislation which would provide an annual cost-of-living adjustment for the unified credit--a major estate tax reduction tool--beginning in 2007.
Regrettably, while both the House- and Senate-passed versions of that landmark tax reduction package indexed this $1,000,000 exemption annually for inflation, this provision was dropped from the final conference report and was not enacted…
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