Political Quotes

Jon S. Corzine: “Did I hear the leader suggest that we are talking about taking $2 trillion out of the Social Security trust fund to fund…”

On the recordSeptember 18, 2002
Did I hear the leader suggest that we are talking about taking $2 trillion out of the Social Security trust fund to fund the other things that are going on with regard to economic policy? If I am not mistaken, I think I saw a chart that projected $2 trillion and how we would utilize the Social Security trust fund. I think those are payroll taxes from working Americans from all walks of life. Then, if I am not mistaken, as I looked at your chart where the tax cuts are actually going, it would appear to me that we are using the Social Security trust fund to fund tax cuts for those at the very high end of the marginal tax brackets. Is my analysis from looking at your charts correct? Does the leader have a comment on that?
Said by
Jon S. Corzine
Democratic · New Jersey
Source
govinfo.gov

Editor's note · Context

Questioning the use of the Social Security trust fund to finance tax cuts during a discussion on economic policy.

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