On the recordJanuary 6, 2011
Senator Conrad, the disparity between taxes on capital income and taxes on wages has grown larger and larger.
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congress.govSenator Conrad, the disparity between taxes on capital income and taxes on wages has grown larger and larger.
Senator Conrad highlights growing tax disparities affecting capital income versus wages.
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I would say personally I would not go to a company advising me on wealth management that did not have it because I think whoever is advising me ought to have as their highest responsibility to be giving me advice that is in my interest.
If we are going to have tax-advantaged vehicles to encourage people to save for retirement, then the savings ought to be for retirement.
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.