All I want to say is that if it is justifiable to increase taxes on our senior citizens to help supplement the Social Security system, it would be like increasing taxes on our farmers so we could give them a better farm bill. It would be like taking more taxes from the farmers so we can give them more back in the farm program. It is saying: Let's tax our seniors at a higher rate-- which is unfair--so we can give them more back to stabilize the Social Security system. It is a basic double taxation. I urge my colleagues to support the amendment.
Rod Grams: “All I want to say is that if it is justifiable to increase taxes on our senior citizens to help supplement the Social…”
Editor's note · Context
Discussing the fairness of tax increases on senior citizens in relation to Social Security funding.
Share
More from Rod Grams
That is the deductible. The individual would pay 25 percent of the cost of the prescription, and then if they were at an income level you are talking about, it would be a $150 deductible with no caps or limits for the year; not the $4,000…
I am not opposed to a surcharge or a prescription charge but a charge that is going to assume a new $600-per-year additional tax or cost on our seniors while providing very little in benefit that would overcome that cost.
Because what we are trying to do is target those who need the help, and that is about 6 or maybe 10 percent of the population. What the Vice President is doing and what you are talking about is bringing 100 percent of Americans under a new…
So you are saying the President's plan, when fully phased in, will be only $25 per month or are you talking about the initial plan with the coverage available with the caps and coverage?





