On the recordMay 4, 2005
What this discussion needs is some maturity. I was just sitting here listening to you, and what you say is absolutely true. But I just will point out that under the President's plan, if you make more than $20,000 a year, you can expect a significant reduction in your benefits. Think of that. Now, they can call these people higher income if they want to, but today $20,000 is not a huge salary. So the statistics you gave for the $37,000 income and the $58,000 income and the $90,000 income brackets were accurate, but you can make as little as $21,000 and you are going to experience a significant reduction in benefits under the President's plan. {time} 2115 Mr. Speaker, I yield back to my young friend from Ohio.
Source
govinfo.gov




