On the recordJanuary 7, 2009
There is a disconnect...between what we are doing as a country here in terms of our fiscal policy and our monetary policy and how it affects real people's lives.
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congress.govThere is a disconnect...between what we are doing as a country here in terms of our fiscal policy and our monetary policy and how it affects real people's lives.
Kent Conrad highlights the gap between fiscal policies and their real-life effects.
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It takes guts to do that, and Chairman Arrington, you have certainly led the charge on having a commission.
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 make this whole system solvent, it is going to take everybody to give a little bit.