On the recordDecember 7, 2011
The point of this letter is very simple. I won't read the whole letter, but here is the pertinent part of this letter from the Social Security Administration. We estimate that the projected level of the OASDI and DI Trust Funds would be unaffected by enactment of this provision. What he is talking about there is Social Security would be unaffected. The trustee said last year the same thing. I won't add all this to the Record, but read the one sentence. This is page 33 of a report from last year: Therefore, this payroll tax cut is estimated to have no financial impact on these same trust accounts. So it is abundantly clear that there is no impact on Social Security and, secondly, it is abundantly clear that passing a payroll tax cut again will boost job growth, strengthen the economy, grow the economy, and give American families some measure of peace of mind as we head into the holidays and head into the year 2012. Mr. President, I yield the floor. ____________________
