Political Quotes

“life is full of choices. The choice before us involves repeal of the estate tax versus the choice of maintaining full benefit payments to the Social Security program. There will be 78 million Americans that will turn 65 sometime in the next decade. At that point in time, their draw on Social Security will be profound. You can see Social Security revenues dropping dramatically as these 78 million leave the workforce. That same decade, however, if the majority plan passes, the costs explode on the lost revenue due to the estate tax. This X-marks-the-spot on this chart foretells fiscal disaster resulting in Social Security benefit cuts and payroll tax increases on our children. We cannot just think about this in today's terms. We have to look long term. The long term is a fiscal catastrophe for our country, a tax obligation to our children and beneficiary cuts for Social Security recipients if we take the action urged by the majority.”