On the recordJune 18, 2012
These people have been born. They are alive today. They are going to be eligible for Social Security and Medicare.
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congress.govThese people have been born. They are alive today. They are going to be eligible for Social Security and Medicare.
Conrad highlights the reality of the Baby Boom generation's impact on Social Security and Medicare.
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We also increase the payroll tax very modestly, from the current combined rate of 12.4 percent to 13.4 percent over 10 years.
If we are going to provide tax incentives for people to have retirement savings, then it should not be used as a piggy bank to pay for other things.
I would say to you, as I looked at this, I saw Social Security as the bedrock.
We had literally hundreds of people and groups come before this commission. We listened intently for all sides on how we could fix these challenges.