On the recordJune 23, 2003
if the Senator wants to focus on the poorest of the poor, he should leave the assets test in place because that is exactly what it does. It says that you have low income and low assets. So we have, in fact, covered exactly what the Senator from Massachusetts is attempting to do. What the Bingaman amendment does is leave open the possibility of the poorest of the poor not being the most heavily subsidized, that people who do have a big house, or other property, or amassed antiquities of some sort that may be very valuable--a coin collection, who knows that they would be focused in on as much as people who simply have nothing, have no place else to turn. So the assets test is very important for these scarce resources to be focused on those who need them most. If you really do care about focusing on the poorest of the poor, and not just opening this up to people who may not need the assistance as badly, you would vote against the Bingaman amendment.
Source
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