If I could inquire of the Senator, if the additional proposed tax increase by the President were added to that chart, can the Senator tell us then what one would see in terms of the calculation of the disappearance of the surplus and what is the primary culprit?
Questioning the impact of a proposed tax increase on the federal surplus.
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This Retirement Security Plan structure that we have suggested I think would go a long way toward dealing with these issues.
We tried to include some of these ideas in our Social Security reform package, to actually provide incentives in the system for people to continue to work.
It was incredibly important that we not only made Social Security solvent, but we lifted the bottom 20 percent dramatically.
I wish I could look you in the eye and say, you know, if we just had the will, we could reverse this, and we could go back to a time when defined benefit plans were on the increase. I do not think that is in the cards.
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