Ben Cardin: “First let me thank my chairman for at least giving me the specifics. The Congressional Budget Office agrees with me and…”

“First let me thank my chairman for at least giving me the specifics. The Congressional Budget Office agrees with me and disagrees with him. The Congressional Budget Office points out very clearly that very little of this money is going to get out because it requires a change of policy at the State level that requires the legislatures to meet. Number two, FUTA taxes, which is the money that we are advancing to the States, are Federal tax receipts and are Federal funds. We are even thinking about reducing or eliminating that tax. It is a Federal tax and it is Federal money.”