[Congressional Record Volume 141, Number 65 (Friday, April 7, 1995)]
[Extensions of Remarks]
[Page E869]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


                   SOCIAL SECURITY 1993 TAX INCREASE

                                 ______


                        HON. CHARLES E. SCHUMER

                              of new york

                    in the house of representatives

                          Friday, April 7, 1995
  Mr. SCHUMER. Mr. Speaker, I rise in opposition to the Republican tax 
cut bill. It will bust the budget and give most of the benefits to the 
very wealthy and to corporations that have historically tried to avoid 
paying taxes.
  One part of the bill that I strongly support is the repeal of the 
Social Security tax increase from the 1993 deficit reduction bill. As 
you may recall, I fought against this increase in 1993 and I was 
successful in helping to increase the income threshold for this 
unfortunate tax. Nevertheless, I felt then, and I feel now, that many 
seniors with modest incomes are hit by this tax increase.
  It is my hope that the Senate will moderate this tax giveaway to the 
very wealthy and keep the repeal of the Social Security tax increase so 
that I may vote for the Conference agreement. It is a shame that the 
Republicans decided to put one good item in a bill that is nearly all 
bad. We should repeal the Social Security tax increase, but not use it 
to blackmail Members to vote for a bad bill.


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