Kent Conrad: “We cannot simply tax our way out of this problem.”

We also increase the payroll tax very modestly, from the current combined rate of 12.4 percent to 13.4 percent over 10 years.

We ought to reestablish this benefit for survivors and those affected by disability.

The new improvised system was not adequate.

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.