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Ron Wyden
@ronwyden· Democratic · OR· Jul 27, 2021

I encourage the Senate Finance Committee, and, ultimately, Congress, to implement into law the Automatic IRA Act and the Encouraging Americans to Save Act.

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Ron Wyden
@ronwyden· Democratic · OR· Jul 27, 2021

I introduced the Encouraging Americans to Save Act, to get more help to the working folks who need it so badly.

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Ron Wyden
@ronwyden· Democratic · OR· Jul 27, 2021

the abusive use of tax incentives meant to help middle-class savers creates an economic double standard

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Ron Wyden
@ronwyden· Democratic · OR· Jul 27, 2021

This approach leverages existing private sector solutions in the marketplace instead of causing a massive disruption by replacing the entire existing retirement plan system with a government run program.

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Ron Wyden
@ronwyden· Democratic · OR· Jul 27, 2021

The system doesn't do nearly enough to help working people of modest means get ahead, but individuals at the top are able to game the rules to abuse taxpayer-subsidized accounts with their pricey accountants and lawyers.

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Ron Wyden
@ronwyden· Democratic · OR· Jul 27, 2021

We are also especially supportive of your efforts to incentivize savings.

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Ron Wyden
@ronwyden· Democratic · OR· Jul 27, 2021

Senator Cardin came in, and he has been working in these savings precincts for decades.

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Ron Wyden
@ronwyden· Democratic · OR· Jul 27, 2021

I want to thank Chairman Wyden and Ranking Member Crapo for holding this hearing and considering how Congress, building on its long history of bipartisanship on retirement policy, can help improve retirement security for older Americans.

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Ron Wyden
@ronwyden· Democratic · OR· Jul 27, 2021

The Encouraging Americans to Save Act, which was introduced by you, Chairman Wyden, would be a significant boost to OregonSaves.

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Ron Wyden
@ronwyden· Democratic · OR· Jul 27, 2021

Our tax code ought to help young people get started saving earlier in their careers.

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Ron Wyden
@ronwyden· Democratic · OR· Jul 27, 2021

We commend Chairman Wyden and the many committee members who focused their attention on this issue.

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Ron Wyden
@ronwyden· Democratic · OR· Jul 27, 2021

This committee ought to make it easier for people to move their retirement accounts and continue saving when they change jobs.

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Ron Wyden
@ronwyden· Democratic · OR· Jul 27, 2021

The ARA enthusiastically supports Chairman Wyden's legislation, the Encouraging Americans to Save Act (S. 2452, 117th Congress).

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Ron Wyden
@ronwyden· Democratic · OR· Jul 27, 2021

This is about good policy, helping people, and giving everybody in America the chance to get ahead.

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Ron Wyden
@ronwyden· Democratic · OR· Jul 27, 2021

I also support expansion to part-time workers, because part-time workers are low-wage workers.

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Ron Wyden
@ronwyden· Democratic · OR· Jul 27, 2021

I am proud of the great work the PBGC has done in a short period of time to get these regulations written.

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Ron Wyden
@ronwyden· Democratic · OR· Jul 27, 2021

I also want to mention Senator Wyden's initiative in regard to student loan payment.

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Ron Wyden
@ronwyden· Democratic · OR· Jul 27, 2021

The ARA strongly supports Chairman Wyden's Retirement Parity for Student Loans Act (S. 1443, 117th Congress)...

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