Political Quotes

“I, first of all, would like to focus in on some of the legislation I've been working on around wealth building, because one of the most difficult things for families in the downturn of an economy is to try and put aside savings. And one of the things that we see happening right now in our country are a number of companies that are closing down, and people are placed in a situation where they are now being required to retire and they're being given lump sum benefits in order to lessen the weight or the impact that the retirement has on them. And as a proponent of wealth building, I've been working on a couple of pieces of legislation in that area. One of them is the Retirement Security for Life Act. Last year I, along with Congressman Philip English, a Republican from Pennsylvania, reintroduced the bipartisan tax legislation that would encourage Americans to select life annuities and ensure requirement security. The Retirement Security for Life Act provides a tax incentive available to all retirees when they elect to receive a guaranteed stream of income for life from their annuity.”