John Shaw: “Mr. Speaker, we have this afternoon talked about from the other side of the aisle just about everything except the…”

“Mr. Speaker, we have this afternoon talked about from the other side of the aisle just about everything except the taxpayer, just about everything except what is really going on here. What we are trying to do is to give some relief to our senior citizens, who, incidentally, the monies that they put into the Social Security trust fund they were taxed on. These were not pretax dollars. The employee's portion is taxed. So why should we have to say it is taxed when they put it in, and it is taxed when they take it out? That is wrong. The whole idea of having this thing taxed on only 50 percent is because that was the monies that were put in by the employer that were not ever taxed to the employee. We need to go back to that. A lot has been said about what are we going to do if we are running the Government at a deficit. Well, I have to remind my colleagues from the other side of the aisle, when this tax was put in place, this was in 1993, the Democrats were in charge of the House of Representatives, and there was a deficit. There was a deficit every year. The money was found. It came out of the general revenue stream. That is exactly where it is going to come from now. We are just not pinpointing that it is going to come out of a tax that is morally wrong. It is wrong to tax people on getting their own money back.”