On the recordJune 11, 2012
I personally believe we are going to have to reduce tax expenditures, broaden the base.
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congress.govI personally believe we are going to have to reduce tax expenditures, broaden the base.
Senator Conrad emphasizes the need to reform tax expenditures for fiscal responsibility.
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If we are going to have tax-advantaged vehicles to encourage people to save for retirement, then the savings ought to be for retirement.
I do, and I made that argument to the commission, and others on the commission made some of the points that you are making now.
This Retirement Security Plan structure that we have suggested I think would go a long way toward dealing with these issues.
What we have done is we recommend harmonizing withdrawal rules for 401(k)'s and IRAs.