this Congress made a commitment to save and protect Social Security for the future. It is one of the most successful domestic programs that has ever been created, but now, according to my Republican colleagues, we have a surplus, which means that we can then provide a tax cut, while at the same time continue to hide the real deficit with Social Security funds. To make matters worse, it is estimated that the proposed tax cut would benefit mostly those who earn over $100,000 a year. To spend this illusionary surplus is wrong. We need to remove Social Security from the budget and pay down the national debt. Let us be honest, we do not have a surplus if we do not include Social Security in the budget. What we have is borrowed money from the Social Security trust fund, and this money will have to be paid back-- every penny of it. This surplus should go to the Social Security trust fund and not a tax cut, because there is no surplus.
On the recordSeptember 24, 1998
Source
govinfo.govEditor's note · Context
Discussing the implications of proposed tax cuts on Social Security funding.
Share
More from Al Green
May 28, 2026
You probably see me smiling and it's because it's because this is not the end. This is the beginning of a new chapter.
Sep 4, 2025
It is addressed to the Justice Department, Civil Rights Division. There is a part of this letter that addresses the allegation that Texas engaged in race-based gerrymandering. There are two pages. The attorney general has in bold print…
Feb 24, 2026
I rise today to state the state of the Union. Madam Speaker, the state of the Union is fragile. It is fragile because we have a President who does not respect democracy. He believes that he can go to war at will without conferring with the…





