03/22/2023
https://www.congress.gov...
"I think my final assessment is that it is those lower-income people who do not have the benefit now, that we have limited capacity to raise payroll taxes if we are to make current obligations."
"I am very concerned about our ability to pay our current obligations and wonder again if we just are not supplanting with Federal tax dollars for some folks--not for all, because some do not have the ..."
"There is a limit to how much we can raise that payroll tax without adversely affecting employment."
"So if you will, the Federal program would supplant that which business is already doing, which would increase the cost to the Federal taxpayer?"