[Congressional Record Volume 141, Number 157 (Wednesday, October 11, 1995)]
[House]
[Page H9794]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                               THE TRUTH

  (Mr. KIM asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. KIM. Mr. Speaker, I am really concerned about this assault and 
accusation that the Republicans are trying to give millions and 
millions of dollars' tax credit to rich people at the expense of poor, 
elderly people by cutting Medicare spending. I am really concerned. 
This is a bunch of lies.
  Let me tell my colleagues exactly what happened.
  Here is a tax credit; they are talking about tax cuts, which is $500 
tax credit for child support. That money does not come from Medicare 
spending. It comes from actually non-Medicare spending cut, which is 
about $622 billion. None of those Medicare money going to tax cut.
  The second lie: Republicans just passed amendment to Medicare bill 
which prohibits any money being transferred from Medicare fund to 
other, other account.
  Come on, let us stop this rhetoric. No money shall be transferred for 
the Medicare to other funds except Medicare trust fund itself. That is 
the truth.

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