Political Quotes

On the recordApril 24, 2012
let me repeat for my colleagues one more time: There are no taxpayer dollars authorized by this bill or appropriated by this bill. The score is caused by the unique status the postal service accounts have within the unified budget. The operational accounts are off budget. The employee health benefits and retiree accounts are on budget because those accounts are also used by Federal agencies. Let me again quote from the inspector general who explains the system very well. He says the source of the Federal employee retirement funding comes from two streams of revenue. First, the U.S. Postal Service contributes 11.9 percent of the employees' salaries to the fund and the employees contribute .8 percent. The postal service's contribution comes from revenue paid for postage, and this money comes from ratepayers. The employee contribution is made in exchange for a defined benefit. There are no tax dollars authorized or appropriated by this bill. It is a quirk of the way the unified budget works. And that is why we should vote to waive this point of order. We are not talking about taxpayer dollars here. I thank the Chair. The PRESIDING OFFICER. The question is on agreeing to the motion to waive the point of order raised by the Senator from Alabama. The yeas and nays have been ordered. The clerk will call the roll. The assistant legislative clerk called the roll.
Said by
Susan Collins
Republican · Maine
Source
govinfo.gov
Apr 24, 2012

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