Congressman Flake: Payroll Tax Cut Extension Siphons Funds From Social Security
December 20, 2011
FOR IMMEDIATE RELEASE: December 20, 2011
Entitlement Programs Must be Reformed Before Reducing Dedicated Revenue Sources
Washington, D.C. – Republican Congressman Jeff Flake, who represents Arizona’s Sixth District, today voted against the motion to go to conference on H.R. 3630, the Middle Class Tax relief and Jobs Creation Act of 2011.
“Unless we summon the courage to reform our entitlement programs, we shouldn’t be reducing the dedicated revenue stream,” said Flake. “The extension of the payroll tax holiday will hasten the insolvency of Social Security and exacerbate our fiscal crisis.”
“Even worse, we’re using dishonest budget gimmicks that supposedly pay for this one-year extension with spending cuts or new fees over ten years that we all know will never materialize.”
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