On the recordAugust 1, 2001
I believe they are important priorities. But as a result of that decision, and because this bill contains no revenue offsets, I believe that there is a substantial certainty that the tax reductions contained in the energy bill will be funded, at least in part, by raiding the Medicare and possibly the Social Security Trust Funds. Therefore, I cannot support this bill, and I would oppose it. Mr. Chairman, we are not the only ones saying this. Even a recent Republican memo on the surplus states that we are possibly already into the Medicare Trust Fund, and we are very close to touching the Social Security surplus in fiscal year 2003.
Source
govinfo.gov
