[Congressional Record Volume 141, Number 158 (Thursday, October 12, 1995)]
[House]
[Page H9900]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     HOW CAN THIS BE CALLED A CUT?

  (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, the part A in Medicare is going to be 
bankrupted which has been financed by FICA payroll taxes. That is not 
enough. Beneficiary pay half, employer contribute the other half. That 
is not enough. What we trying to do is trying to fix the bankruptcy 
part A program without raising taxes of those younger people.
  Let us take a look at the part B. This is financed by one-third by 
beneficiary, two-thirds by the other taxpayers. Used to be half and 
half. If we do nothing, it is going to end up 10 percent paid by 
beneficiary, 90 percent by the other taxpayers, which is not fair.
  All we are trying to do is maintain the ratio, one-third as is now by 
beneficiary, and two-third by the other taxpayers. How could my 
colleagues call that a cut? Is it really cut? We are trying to fix part 
A and part B from bankruptcy without cutting it. I am tired of this 
rhetoric.

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