The same outfit that brought you the mortgage crisis, now wants to wreck your tax deductible 401 (k). The story is here if you can stand to read about it.
House Democrats Contemplate Abolishing 401(k) Tax Breaks
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.
What will they think of next? Congress is to blame for most of the ills of the country. I think term limits for them would be appropriate. Their arrogance is only matched by their ignorance.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment