I also should advise members and their staffs that tomorrow we will have the Secretary of Treasury, Mr. Geithner, here to talk about the financial sector and to talk about housing.
Kent Conrad: “I also should advise members and their staffs that tomorrow we will have the Secretary of Treasury, Mr. Geithner, here…”
Editor's note · Context
Conrad announces an upcoming important hearing with Secretary Geithner on financial issues.
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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 also increase the payroll tax very modestly, from the current combined rate of 12.4 percent to 13.4 percent over 10 years.
It takes guts to do that, and Chairman Arrington, you have certainly led the charge on having a commission.
If you are really going to relieve me of the administrative burden, if you are going to really relieve me of the liability, if you are going to really relieve me of the cost other than the payroll transfer.





