Political Quotes

On the recordJuly 13, 2000
I repeat, sir, that the 1993 measure was part of a long-range effort to restore actuarial balance to the Social Security and Medicare systems. It treats Social Security income, retirement income, as all other retirement income is treated. That part for which taxes have been paid is exempted. The rest is taxed normally for others. Low-income beneficiaries of Social Security would pay no tax. This money goes into the Medicare trust fund and is part of the long-term solvency we seek. I thank the Chair.
Said by
Patrick Moynihan
Illinois
Source
govinfo.gov

Editor's note · Context

Discussing the 1993 measure related to Social Security and Medicare during a floor speech.

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