Thursday, December 01, 2005

 

A New Approach to Savings Plans

Would Americans save more if the federal government streamlined the plethora of tax breaks for saving, each with its own eligibility rules?

President Bush, his tax-reform commission, some influential members of Congress, and a bevy of economists and tax experts think so. They are pushing to streamline the dozens of tax breaks that are intended to get Americans to save for retirement, health care and their children's education.

A New Approach to Savings Plans
Source: Wall Street Journal (subscription required)

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