On the recordApril 24, 2012
The funding problem was not excessive benefit outlays that the States were responsible for, but the failure of taxes to bring the trust funds back to previous balances.
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congress.govThe funding problem was not excessive benefit outlays that the States were responsible for, but the failure of taxes to bring the trust funds back to previous balances.
McDermott emphasizes that funding issues stem from inadequate tax contributions, not high benefit payouts.
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