THAT was a HUGE republican LIE.The idea was its their money. If there's a surplus return it back to the people.When Bill Clinton left a balanced budget with surpluses in line to completely eliminate the national debt by 2012, why did George W. Bush slash tax rates for the rich and double the debt from $5.7 trillion to nearly $12 trillion?
Knowing that surplus wouldn't last. They shifted the tax burden more onto us. I can just hear their replies. All lies.
Let's undo those tax breaks
the Budget surplus cam from Social Security Surplus....
It was NOT the tax money of the wealthiest through income tax that gave us the surplus....yet they gave the most of the surplus money in dollars, to the wealthiest, who did not pay any social security tax at all or who only paid it up to the 65k that was the cap of SS taxes and all the rest of what they earned was not taxed SS tax....
it was a reverse Robin Hood, they stole from the working class who paid SS tax on every dime they earned and GAVE it to the wealthiest who paid near NONE.