U.S. Senator Mark Kirk's response on Payroll Tax Cut Extension Votes

 

 

WASHINGTON, DC – United States Senator Mark Kirk (R-IL) released the following statement after votes on the payroll tax cut extension:

 

“There are 55 million Social Security beneficiaries that will see little or no extra cash from this 2012 tax holiday; instead, the dedicated payroll contributions meant to pay for future benefits are being diverted from the Trust Fund and replaced with Treasury debt that does not even have a AAA credit rating.  Social Security was designed to be independent and free from the danger of Congressional manipulation, and maintaining the firewall between the Social Security Trust Fund and general government funding is the best way to maintain the solvency of this important program. Neither bill protects the Social Security Trust Fund so I voted no. “