Senate Republicans released their 2020 Legislative Priorities this morning announcing that they would be giving back a small portion of the $3 Billion of surplus, while holding onto the rest of it for government spending projects. A budget surplus occurs when taxpayers have been overcharged - revenues far exceeded current spending levels. The largest part of the surplus sits in a historically high reserve account.
If Republicans would give back the surplus, individual taxpayers could receive a refund of $1,250 each. At today's press conference, Gazelka stated they only wanted to give "some of it back". The "some" part was defined as farm relief and social security tax elimination. However, the largest part of the surplus, the reserve account, would remain in place under Gazelka's watch.
"We talked about ensuring that the reserves stay full" stated Gazelka when responding to a question from the media about what would be done with the surplus. This means that a record $2.5 Billion would remain in the government coffers earmarked for future wasteful government spending projects and not back in the hands of the private economy.
Action 4 Liberty calls for every penny of the surplus to be returned to the taxpayers! We were overcharged by our government and have a rightful claim to get it back. Sign our petition and send them a message!