There are $34 billion worth of energy tax breaks in this bill, but they do not pay for them at all. Now, we do not have a surplus any longer, and so what the majority is doing is setting up an oil rig on top of the Social Security and Medicare trust funds, because the only way that this bill, worth $34 billion, can be paid for, is by drilling into the Medicare and Social Security trust funds. Vote for the Thurman recommittal motion and protect the senior citizens of our country from having a pipeline built into their pockets and having every senior citizen pay for this energy bill for the biggest oil companies in our country.
Ed Markey: “There are $34 billion worth of energy tax breaks in this bill, but they do not pay for them at all. Now, we do not have…”
Editor's note · Context
Addressing concerns over energy tax breaks and their impact on Social Security and Medicare funding.
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