On the recordFebruary 11, 2009
If I were in the minority at this moment, I would want to think very, very carefully: Do I want an unfettered reconciliation process?
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congress.govIf I were in the minority at this moment, I would want to think very, very carefully: Do I want an unfettered reconciliation process?
Conrad reflects on the implications of an unrestricted reconciliation process for the minority party.
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This Retirement Security Plan structure that we have suggested I think would go a long way toward dealing with these issues.
If we are going to provide tax incentives for people to have retirement savings, then it should not be used as a piggy bank to pay for other things.
What we have done is we recommend harmonizing withdrawal rules for 401(k)'s and IRAs.
We tried to include some of these ideas in our Social Security reform package, to actually provide incentives in the system for people to continue to work.