Kent Conrad: “If I may, if the Senator could do his presentation in about 8 minutes, we have six speakers left and we have 50 minutes.”

We admire that, and I can say on both sides of the aisle, people recognize the job he did as Budget Committee Chairman.

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

We also increase the payroll tax very modestly, from the current combined rate of 12.4 percent to 13.4 percent over 10 years.

I would just say in this whole area of lifetime income options, there is a tremendous opportunity here.