Medicare 30th Anniversary

Addressing government officials, legislators and citizens gathered to celebrate the 30th anniversary of the enactment of Medicare legislation, President Clinton said the congressional majority wants to use the benefits provided under Medicare, paid for by a dedicated payroll tax, as a piggybank to fund huge tax cuts for people who don’t really need them. He said he has shown that we can have a balanced budget plan with no new Medicare costs for older Americans but which stabilizes the Medicare Trust Fund. “If they would just reduce the size of the tax cut, target the middle class families and their basic needs, and string out the time which we take to balance the budget, we would not need one penny of the Medicare beneficiary cuts they’ve proposed,” he stated. close