Political Quotes

John Shaw: “I agree. Even if the lost payroll taxes were replaced with general revenue funds, we would be obscuring the clear…”

On the recordDecember 11, 2001
I agree. Even if the lost payroll taxes were replaced with general revenue funds, we would be obscuring the clear connection between a person's contribution and the benefits he will receive. This is what President Roosevelt intended when he established Social Security and set up this separate trust fund. We should not take lightly the idea of breaking this critical connection, this firewall, if I may. Otherwise, we will find ourselves looking to the payroll system for every economic fix that we need.
Said by
John Shaw
North Carolina
Source
govinfo.gov

Editor's note · Context

Discussing the implications of replacing lost payroll taxes with general revenue funds.

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