On the recordDecember 16, 2009
there will be no long-term extension of the debt without this being included.
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congress.govthere will be no long-term extension of the debt without this being included.
Conrad asserts that debt extension is contingent on addressing specific issues.
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It is really very important. You know, what so make stakeholders told us is you have got to broaden this thing out.
We very much see it as a package. That is the way it was negotiated, and this was a difficult negotiation to get 18 of the 19 to agree representing all points on the political spectrum.
We also increase the payroll tax very modestly, from the current combined rate of 12.4 percent to 13.4 percent over 10 years.
Overwhelmingly, they say this is their biggest concern--their retirement security, and, overwhelmingly, they want us to act.