Frank Lautenberg: “the motion is very simple. It directs the Finance Committee to correct the bill so that it does not raid Social Security…”

“the motion is very simple. It directs the Finance Committee to correct the bill so that it does not raid Social Security surpluses in any year to pay for tax cuts. In its current form, this bill would use Social Security surpluses in each of the second 5 years after enactment. Altogether, $75 billion of Social Security money will be used to pay for the broad-based tax rebates that are largely for special interests and for the very wealthy. That is the intent, and it is inconsistent with the Social Security lockbox that the Republicans claim to support. If my colleagues are serious about stopping Congress from raiding these surpluses, they will support my motion. The Finance Committee can correct the problem very quickly, and then we can proceed to consider the bill within only a few days.”