Kent Conrad: “Senator Conrad, the disparity between taxes on capital income and taxes on wages has grown larger and larger.”

It takes guts to do that, and Chairman Arrington, you have certainly led the charge on having a commission.

Can I just respond quickly, Mr. Chairman, and say when Simpson-Bowles went down, a group of six of us in the Senate, three Democrats, three Republicans, were asked by leadership to see if we couldn't come up with a way forward to adopt the…

We did a whole series of things in our Social Security reform not to discourage people from working, but to encourage them to continue working if they are able to do so.

The one thing I know for sure is that what is happening now is not working.