On the recordAugust 2, 2010
tax cuts could somehow hurt future economic growth.
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congress.govtax cuts could somehow hurt future economic growth.
Conrad questions the common belief that tax cuts always benefit long-term economic growth.
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What is realistic is to deal with these changes in a way that does expand access, that does expand the opportunity for people to participate in a retirement plan at work.
We all know that Social Security is going to have to be dealt with, or we are going to face by 2034 at the latest--many of us believe it will be earlier than that---an across-the-board 23-percent cut.
If we are going to have tax-advantaged vehicles to encourage people to save for retirement, then the savings ought to be for retirement.
I urge you to vote for the confirmation of Dave Turk. I urge you to do it quickly.