Greg Ganske: “I think that there is a way to do a compromise on this issue, because I think Members of the Democratic side, your side…”

“I think that there is a way to do a compromise on this issue, because I think Members of the Democratic side, your side and my side, would both like to see all Americans be wealthier. We probably both would like to see especially the people who are paying the most portion of their taxes in the payroll tax have some tax abatement. The question then becomes, and this is where you are talking about the transition costs on this, and this is the $1 out of $6, that if you did this 2 percent, where would you make that up? I would suggest that the compromise on this between the parties, and we are certainly not going to work out this issue tonight, but it is something I think for people to think about, is if the economy continues to do so well and we have the surplus, then I would use part of that surplus to cover that transition costs of the payroll tax cut, so that for every dollar that you are providing for a payroll out of the $6, to go into a personal account, you replace in that trust fund with part of the surplus.”