On the recordJune 11, 2012
I personally believe we are going to have to reduce tax expenditures, broaden the base.
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congress.govI personally believe we are going to have to reduce tax expenditures, broaden the base.
Senator Conrad emphasizes the need to reform tax expenditures for fiscal responsibility.
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I wish I could look you in the eye and say, you know, if we just had the will, we could reverse this, and we could go back to a time when defined benefit plans were on the increase. I do not think that is in the cards.
We tried to include some of these ideas in our Social Security reform package, to actually provide incentives in the system for people to continue to work.
If we are going to have tax-advantaged vehicles to encourage people to save for retirement, then the savings ought to be for retirement.