Tax Relief for Working Americans Americans deserve to have their benefits available when they retire. The government pledged that if workers paid a Social Security tax on all their wages, they would be supported in their old age. In 1969, Washington big spenders broke the pledge and President Lyndon Johnson began the raid. Every year since then, Social Security Trust Fund surpluses have been spent on other federal programs. He has consistently threatened to block funding bills for government operations unless Congress joins his efforts to spend more.
Republicans remain firm in our resolve to stop the raid.
We believe that every working American should know unequivocally that Medicare and Social Security will be there for them when they retire. On May 25, the House passed the Social Security and Medicare Safe Deposit Act of 1999 which creates a lock box to set aside the entire surplus in the Social Security Trust Fund to provide retirement security for three generations of Americans. Although the House passed the legislation by a vote of 416-12, Senate Democrats have blocked the proposal numerous times. President Clinton announced his support for the concept of the lock box only after Congress defeated his budget proposal to spend Social Security dollars on more big government spending by an overwhelming, bipartisan vote.