There is no indication the monies paid to the USA Social Security Trust Fund won't be used by the people that paid them. Those same people are currently seeking the subject of Immigration Reform. The Senate passed an illegal measure within the text of the bill they passed today.
That is double Federal Income Taxation. It is illegal.
The federal government already borrowed against that trust fund. By confiscating monies from the Social Security Trust Fund they are imperiling the fund itself as well as imperiling the people that will eventually have legitimate citizenship in the USA.
This is outrageous and fully expect injunctions and lawsuits to end this travesty.
Under current law, (click here) undocumented people are ineligible for Social Security benefits. As long as they are undocumented, they cannot secure credit for their own contributions. But if and when they adjust to lawful status, they have the opportunity to benefit from their actual earnings record. This feature of current law carries important advantages:
The US Senate is robbing the very immigrants the bill benefits.
Up to a quarter of a trillion dollars US will be removed from the Social Security by the passage of this bill.
[1] Peter Goss, Social Security’s Chief Actuary, has estimated that three quarters of undocumented immigrants pay payroll taxes. This generates $6 to $7 billion per year in Social Security tax revenue and $1.5 billion in Medicare taxes. See Eduardo Porter, “Illegal Immigrants Are Bolstering Social Security with Billions,” New York Times, April 5, 2005.
This measure was written by a former Senator that resigned after breaking the law himself, John Ensign.
...In June 2009 Ensign publicly admitted (click here) that he had an affair with Cynthia Hampton, who was his political treasurer and was married to Doug Hampton, Ensign’s administrative assistant. The Ensign and Hampton families lived in the same neighborhood outside Las Vegas and were considered the best of friends.
In 2008, when the affair became known to the other spouses, Ensign dismissed both Hamptons from his political and legislative payroll. Ensign’s parents, wealthy casino magnates, paid the Hampton family $96,000 in what was labeled gift income for tax purposes, the precise amount legally permissible without triggering taxes.
In addition, Doug Hampton returned to Las Vegas and began working as a lobbyist for a consulting firm run by Ensign’s top political advisers. Doug Hampton has alleged that Ensign helped him line up his first few lobbying clients -- all donors to Ensign’s political committees -- and that the senator helped arrange meetings for Doug Hampton with Obama administration officials.
A Justice Department investigation into possible criminal activity by Ensign ended with no charges. Hampton, however, has been indicted....
