The tax you are referring to, the Medicare tax that currently is in existence, goes into a trust fund. It is a fund that is set aside to solely pay for Medicare benefits and nothing else. That is why there is no relationship between tax reform and Medicare, there is simply no relationship. That is trust money.
Saxby Chambliss: “The tax you are referring to, the Medicare tax that currently is in existence, goes into a trust fund. It is a fund that…”
Editor's note · Context
Discussing the relationship between tax reform and Medicare funding.
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