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David Schweikert: “For every dollar you paid when you paid your FICA taxes for…”

Featuring: David Schweikert, Republican | U.S. House, Arizona, District 1

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'Great Battle': David Schweikert Breaks Down Pending 'Chaos' With Next Year's Tax Reform Fight

Published | Video Starts at 40:56

A decent rate of return. If you were at the higher end, you actually get almost. You get a substantially negative rate of return. But For every dollar you paid when you paid your FICA taxes for Medicare, we now calculate you get five to six dollars back. This right here, and the financing cost of that is the primary driver, U.S. debt. And I've been booed. I've had someone throw something at me. (40:56–41:06)

CLAIM

Asserts that Medicare beneficiaries receive five to six dollars for every dollar paid in FICA taxes.

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