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  • From: bob ford <bobford79 AT yahoo.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: [Homestead] Democrats want your 401K
  • Date: Wed, 5 Nov 2008 08:41:17 -0800 (PST)

"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. "


http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20081012/REG/310139971&template=printart







  • [Homestead] Democrats want your 401K, bob ford, 11/05/2008

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