Political Quotes

On the recordSeptember 4, 2003
I will do a Special Order tonight on Social Security, that we need to deal with Social Security. And maybe it should be made clear to everybody what the motion to instruct does is in effect saying that those individuals that do not pay income tax should still have the child tax credit. I wonder if there might not be another solution. In my Social Security bill that I am introducing next week, I say for those private investment accounts that are safe investments, and we will not get into the debate on whether that is advisable or not, but what I do is for those individuals making less than $34,000, I add money to their personal retirement fund that they own to help give them a chance to accrue increased benefits that is going to give them maybe even a better income and retirement than they had in their working years. So maybe instead of suggesting we should have a child tax credit relief for those individuals that do not pay any income tax, maybe we should be talking about some relief for those low-income individuals paying into Social Security.
Said by
Nick Smith
Republican · Michigan

Editor's note · Context

Discussing Social Security reform and the child tax credit during a floor speech.

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