Source: Campaign website, www.gillibrand2006.com, “Issues”
Nov 7, 2006
Strengthen Trust Funds and take them off-budget.
Gillibrand adopted the Blue Dog Coalition letter:
Blue Dog budget framework
Take the Social Security and Medicare trust fund surpluses off-budget and require that the trust fund surpluses be saved for Social Security and Medicare
Reserve half of the on-budget surplus over the next five years -- $370 billion -- for debt reduction and strengthening Social Security and Medicare
Allocate one-quarter of the on-budget surplus over the next five years for investments in priorities identified by the President and supported by both parties in Congress, including defense, Medicare prescription drugs, education, agriculture, low-income programs and veterans.
Devote one-quarter of the on-budget surplus to tax cuts retroactive to 2001, for a net tax cut of $180 billion from 2001-2006.
Source: Blue Dog Coalition letter to the Senate 01-BDC5 on May 9, 2001
