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.
Discussing the unemployment insurance trust fund during a legislative debate.
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I thank the gentlewoman for yielding her time. I thank Chair Westerman and his staff for working with Congressman Mfume and the whole Maryland delegation over the last few months. It has been a pleasure. I appreciate very much the work to…
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