Political Quotes

John Sarbanes: “I point out that taxes have been paid into the unemployment insurance trust fund for the purpose of paying unemployment…”

On the recordJanuary 22, 2003
I point out that taxes have been paid into the unemployment insurance trust fund for the purpose of paying unemployment insurance in an economic downturn. That fund has close to $25 billion in it. About $7 billion was used in the last legislation we passed. The purpose of paying that money in good times is to be able to pay it out in bad times. I support this amendment.
Said by
John Sarbanes
Democratic · Maryland

Editor's note · Context

Discussing the unemployment insurance trust fund during a legislative debate.

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