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"Social Security's dedicated funding base is jeopardized by this deal in an unprecedented way and there is a grave risk now that the retirement benefits of America's workers will have to compete with our other priorities for a share of the general budget. It would result in Social Security being as dependent on annual Congressional action as public television or our National parks," said Rep. Doggett.
There's a very good reason why people pay Social Security taxes — so they'll get Social Security," Doggett said at a press conference in the Capitol. "I'd rather have nothing done in this area than to do great harm."
Rep. Rush Holt (D-N.J.) warned the provision could dismantle Social Security's ownership-based funding mechanism, in which workers pay into the program while they're employed to tap the benefits in retirement.
December 10, 2010
December 9, 2010
December 9, 2010
December 9, 2010
<?xml:namespace prefix = st1>Washington—Today, U.S. Rep. Lloyd Doggett discussed the resolution he wrote, which the House Democratic Caucus passed, that states: "The Democratic Caucus resolves that in its current form the tax package should not come to the floor of the House for consideration."
"It is these interest-bearing trust accounts that currently finance legal services for those who need it most -- veterans who have served honorably, domestic violence victims and persons with disabilities," Doggett said.
"It is these interest bearing trust accounts that currently finance legal services for those who need it most—veterans who have served honorably, domestic violence victims, and persons with disabilities," said Rep. Doggett. "This bill is supported by a broad range of groups, including the Independent Community Bankers Association and the American Bar Association. This protection also ensures that small independent banks are on a level playing field with their larger competitors in securing trust fund deposits."
Taxpayers who locate their name on the IRS Refund List below can use Where's My Refund? on www.irs.gov to check on the status of the missing refund, initiate refund tracers and update their addresses online, 24/7. Taxpayers without internet access can call 1-800-829-1954 to check on a missing refund.
Click here to see the list of individuals due a tax refund check.