Powerful House Democrats are eyeing proposals to overhaul the nation’s $3 trillion 401(k) system, including the elimination of most of the $80 billion in annual tax breaks that 401(k) investors receive.
House Education and Labor Committee Chairman George Miller, D-Calif., and Rep. Jim McDermott, D-Wash., chairman of the House Ways and Means Committee’s Subcommittee on Income Security and Family Support, are looking at redirecting those tax breaks to a new system of guaranteed retirement accounts to which all workers would be obliged to contribute.
I have despised the government for years and all the weak willed who count on the government to take care of all their needs rather than fostering independence and self- initiative.
I have despised the government for years and all the weak willed who count on the government to take care of all their needs rather than fostering independence and self- initiative.
I have despised the government for years and all the weak willed who count on the government to take care of all their needs rather than fostering independence and self- initiative.
I have despised the government for years and all the weak willed who count on the government to take care of all their needs rather than fostering independence and self- initiative.
I have despised the government for years and all the weak willed who count on the government to take care of all their needs rather than fostering independence and self- initiative.
.
