Mr. President, here in the Congress of the United States, this April 15 can be a day for modest congratulations for us. We will have passed a budget resolution on the day mandated by the Budget Act for only the second time in more than 2 decades. Moreover, we will be adopting a budget resolution that balances the budget not only for the 1 year in which it is firmly binding, fiscal year 2000, but we hope for at least a decade to come. We will be adopting a budget resolution that does more to secure the future of our Social Security safety net than has any budget resolution since the Budget Act itself was passed, first, by assuring that the entire Social Security surplus is used to pay down the debt and not to be spent on a wide range of other matters, as was recommended by the President's budget itself and, second, by calling for a lockbox to see to it that the condition of preventing the Social Security surplus being used for any other purpose is permanent and not temporary only. Second, this budget resolution offers real tax relief to the American people.
Editor's note · Context
Discussing the passage of a budget resolution and its implications for Social Security and tax relief.
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