On the recordSeptember 28, 1995
When the April 3, 1995, trustees' report came out saying that Medicare was going to go bankrupt, it did not say, "It is going to go bankrupt in 6 years if you pass a tax cut." They just said, "It is going to go bankrupt." They are two independent things. As the gentleman earlier pointed out, the gentleman from Michigan, the average American right now is paying 40.5 percent in taxes. These are middle-class people. Each family has two incomes, you never get to see your spouse any more, your children are all running around going crazy. It is their dollars. We are not giving them back something, we are just not going to confiscate it in the first place.
Source
govinfo.gov
