Kent Conrad: “Let us be clear, the budget resolution does not make the determination for the Finance Committee on how this additional…”

“Let us be clear, the budget resolution does not make the determination for the Finance Committee on how this additional tax cut will be used. This amendment is very simple. It increases the tax cut by $146 billion. It does absolutely nothing about the Social Security tax--nothing--because a budget resolution does not make the specific determination. All we decide is what the instruction is to the Finance Committee for raising money and the Appropriations Committee to spend money. So this has absolutely nothing to do with the Social Security tax. The only effect of this amendment is to raise the tax cut $146 billion to over $1 trillion, all of it borrowed, every penny.”