one of the things that most frustrates the American public is the failure of Congress to address the Nation's real business. Today the trustees of the Medicare system will make a report and talk about the real business, and that business is the problem of our Medicare trust fund going bankrupt in about the year 2002. The question then becomes what are we going to do about it? Or, rather, what is the Republican majority going to do about it? We believe that we can make prudent cuts and achieve savings that will solve this problem. The President has put that proposal out on the table. We can adjust it and avoid this bankruptcy. The question becomes, what does the Republican majority want to do? So far, their crown jewel is not solving Medicare but providing tax breaks that basically benefit the wealthy. The tax breaks that they have talked about amount to $300 billion over 5 years. Who gets that $300 billion in tax breaks? Not the average American. Rather, the richest 5 percent, people who make over $100,000 a year. My suggestion is this: Let us not give those big tax breaks, let us put the crown jewel back in the drawer, let us address the Nation's real business which is solving the Medicare problem. We can do that without giving tax breaks to the wealthy, and that is what we ought to do. Take care of the Nation's business.
Albert Russell Wynn: “one of the things that most frustrates the American public is the failure of Congress to address the Nation's real…”
Editor's note · Context
Addressing the Medicare trust fund's impending bankruptcy and tax breaks for the wealthy.
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