But as the Senator's chart demonstrates, if you adjust that for inflation, what your GDP figure does, there is virtually no difference in tax burden--virtually none. There is 18.6 percent in GDP tax burden in 2007 and 18.8 percent in 2012.
Discussing tax burden in relation to GDP during a Senate debate.
Share
More from Kent Conrad
I have seen retired schoolteachers have to go back to work in their 70's after their husbands have died or their wives have died.
I do, and I made that argument to the commission, and others on the commission made some of the points that you are making now.
You know, we met with a Congressman on the Ways and Means Committee this morning, and we were on a subject related to this. You really see it with our elderly people who do not have options or options are closing in on them.
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.
Other voices in this conversation
