And while he repeated several times that he was open to ideas , he rejected some that were advocated in Washington on Wednesday by the chief executive of AARP , William D. Novelli , who said raising the income cap on Social Security taxes to $ 140,000 would nearly halve the shortfall foreseen in the current system by 2042 , the year insolvency is projected .
William D. Novelli /business/person/company AARP
CC IN PRP VBD JJ NNS IN PRP VBD JJ TO NNS , PRP VBD DT WDT VBD VBN IN NNP IN NNP IN DT JJ NN IN NNP , NNP NNP NNP , WP VBD VBG DT NN NN IN NNP NNP NNS TO $ CD MD RB VB DT NN VBN IN DT JJ NN IN CD , DT NN NN VBZ VBN .
William D. Novelli
PERSON
AARP
ORGANIZATION
/business/person/company