On the recordJuly 27, 2000
I have great trouble with that. How would I as a CPA advise my clients as to whether or not there was going to be a surplus? How is the IRS going to even prepare the income tax forms that have to be gotten out? And how can we depend upon guesses every year coming from somewhere as to whether there is going to be a surplus? These are all very difficult questions. I would like to also point out to my colleagues on the other side of the aisle, how did we make these transfers in the past when we did have deficits? Under the 1993 tax bill that we are trying to nullify here, these transfers were made to Medicare in 1993, 1994, 1995, 1996, 1997 and 1998, even though we had deficits in all of those years. We had a deficit in every one of those years. This argument simply does not hold water. When the money is transferred to Medicare, it stays inside the Government.
Source
govinfo.gov
