Political Quotes

“Mr. Speaker, I want to talk about legislation that I have reintroduced--the Automatic IRA Act of 2013. According to Boston College's Center for Retirement Research, the United States has a retirement income deficit of $6.6 trillion. One area I think we need to focus on is getting more low and middle- income workers into retirement savings. It is estimated that 75 million workers--or half of American workers--have no employer-provided retirement plan or other opportunity to save for workplace contributions. The auto IRA is a commonsense solution to dramatically expand retirement savings in the United States. Listen to this: this auto IRA proposal was jointly developed by myself, along with the Brookings Institution and the Heritage Foundation. It has garnered widespread support, including from AARP, the U.S. Black Chamber of Commerce, the Women's Institute for a Secure Retirement, and the Aspen Institute Initiative on Financial Security. This is a commonsense piece of legislation that should be joined by both parties in advancing retirement opportunities for the American people. ____________________”