if we are going to take on this issue, it is going to require dramatic cuts in Government spending, but it is also going to require meaningful tax reform.
On the recordJanuary 6, 2011
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congress.govEditor's note · Context
Conrad emphasizes the need for spending cuts and tax reform to address fiscal issues.
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More from Kent Conrad
Sep 6, 2016
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.
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I wish to say thanks to my colleague, Senator Sessions. He will still be on the Budget Committee. These challenges remain. I will lend my voice in whatever way I can to the responsible efforts that are needed to get us back on track. It is…
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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.





