Kent Conrad said...

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

What we have done is we recommend harmonizing withdrawal rules for 401(k)'s and IRAs.

These people have been born. They are alive today. They are going to be eligible for Social Security and Medicare.

It lifts the bottom. It asks those of us at the top to take a little less of an increase than we might have expected.