Kent Conrad: “The tax cut that is in this resolution, $1.3 trillion, has an additional cost, the associated interest cost, because…”

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

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.

There is going to be a 23-percent cut across the board by 2034.