Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

Floor Speech

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Mr. DOGGETT. ``Moment of Truth'' is the very appropriately entitled report of the President's bipartisan deficit commission, since it took barely a moment for him to cut a deal with Senate Republicans that spikes our national debt upwards almost a trillion dollars in new borrowing from the Chinese and others. This deal borrows from our future to throw tax money at problems with the efficiency of most of its provisions that you would get if people stood and shoveled out cash at the front door of the Capitol.

Billionaire estate bonuses, or 1 percent of the people getting a giant tax cut--that doesn't provide meaningful job growth.

There is a very good reason we pay Social Security taxes: in order to share in the old-age survivor and disability insurance that is Social Security. This proposed Republican payroll tax holiday is not a day at the beach. It endangers the very fabric of Social Security. That is why the National Committee to Preserve Social Security and Medicare has rightfully called this bad deal "a disaster'' for Social Security.

In a very few months, these same Republican privatizers of Social Security will claim, just as they are tonight about the Bush tax proposal, that we are raising taxes on workers when we seek to end this alleged ``temporary'' payroll tax cut.

This same dangerous deal for Social Security discriminates against so many people, who tonight are on the front lines with their lives, as our firefighters, as our law enforcement officers, as those who educate our children--those who provide vital public services. They don't get a dime out of this provision. Ninety-five percent of the public employees in Massachusetts and a majority of those in the State of Texas get absolutely no benefit from this provision.

This bill undermines a guiding Democratic principle--dignity for seniors--and it undermines 75 years of Social Security.

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