Yes. So two-thirds plus of this, in my judgment--we can disagree--is going exactly where we want it to go. If I might add one other point, unlike the IRA we have already passed, and unlike any other IRA, this account allows sponsors. We do not know the data on that. It is a benefit to even the lower income. It allows parents, families, unions, benevolent associations, and employers to help open these accounts. From what I have seen of people trying to utilize new tools and resources, it is the struggling families who are most likely to use these accounts.
Paul Coverdell: “Yes. So two-thirds plus of this, in my judgment--we can disagree--is going exactly where we want it to go. If I might…”
Editor's note · Context
Discussing the benefits of a new type of savings account during a floor debate.
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