Political Quotes

Thomas Daschle: “You have seen an increase in the draw down of the Social Security trust fund. We have actually spent $2 trillion of…”

On the recordSeptember 18, 2002
You have seen an increase in the draw down of the Social Security trust fund. We have actually spent $2 trillion of Social Security. We put those resources into this tax cut, providing $53,000 per year to the top 1 percent of income earners in this country. You have seen an income transfer from those paying payroll taxes--largely at the lower end of the income scale--to those at the upper end of the income scale. This represents an income transfer in the opposite direction from poor working people to those at the very top.
Said by
Thomas Daschle
South Dakota

Editor's note · Context

Discussing the impact of tax cuts on Social Security and income inequality.

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