John Thune: “let me just repeat one thing that I think the American people need to hear over and over and over again. The other side…”

“let me just repeat one thing that I think the American people need to hear over and over and over again. The other side is going to continue to try and perpetuate this fraud that somehow we are raiding Social Security for this tax relief plan. The fact of the matter is that not one penny of this tax relief plan comes out of the Social Security taxes. It is coming from people, income taxes that people in this country, hard-working Americans have overpaid. It is coming out of the income tax surplus that we have generated from the hard work of the American people, not from Social Security. The American people need to hear it over and over again because the other side continues to perpetuate this fraud. I just wanted to thank the chairman, distinguished chairman of the House Committee on Ways and Means, the gentleman from Texas (Mr. Archer), for structuring a tax package that is so beneficial to the farmers and ranchers of South Dakota and across this country. There are so many good things in this tax bill that are going to help the economic crisis that we are facing in rural America, from death tax relief to deductibility for self-employed people of health insurance premiums to a loss carry-back provision that allows you to offset this year's losses against profits in past years and gets tax money back from the IRS, to the income averaging provisions that are made permanent under this bill. This is a very positive tax relief package for agriculture.”