obama wants your 401k....

[manu1959]

yes this is from october....but george miller is on the rampage again......

House Democrats Contemplate Abolishing 401(k) Tax Breaks | workforce.com

House Education and Labor Committee Chairman George Miller, D-California, and Rep. Jim McDermott, D-Washington, chairman of the House Ways and Means Committee’s Subcommittee on Income Security and Family Support, are looking at redirecting those tax breaks to a new system of guaranteed retirement accounts to which all workers would be obliged to contribute.

Under Ghilarducci’s plan, all workers would receive a $600 annual inflation-adjusted subsidy from the U.S. government but would be required to invest 5 percent of their pay into a guaranteed retirement account administered by the Social Security Administration. The money in turn would be invested in special government bonds that would pay 3 percent a year, adjusted for inflation.

The current system of providing tax breaks on 401(k) contributions and earnings would be eliminated.

because i am too stupid to invest my own money.......nevermind that i have made more than 3% per year....

 

[RodISHI]

I did not know Obama worked for Wells Fargo fka Norwest.

 

[Skull Pilot]

More money for the fucking government to play hide and seek with.

 

[WillowTree]

I did not know Obama worked for Wells Fargo fka Norwest.

He actually works for ACORN

 

[Ravi]

yes this is from october....but george miller is on the rampage again......

House Democrats Contemplate Abolishing 401(k) Tax Breaks | workforce.com

House Education and Labor Committee Chairman George Miller, D-California, and Rep. Jim McDermott, D-Washington, chairman of the House Ways and Means Committee’s Subcommittee on Income Security and Family Support, are looking at redirecting those tax breaks to a new system of guaranteed retirement accounts to which all workers would be obliged to contribute.

Under Ghilarducci’s plan, all workers would receive a $600 annual inflation-adjusted subsidy from the U.S. government but would be required to invest 5 percent of their pay into a guaranteed retirement account administered by the Social Security Administration. The money in turn would be invested in special government bonds that would pay 3 percent a year, adjusted for inflation.

The current system of providing tax breaks on 401(k) contributions and earnings would be eliminated.

because i am too stupid to invest my own money.......nevermind that i have made more than 3% per year....

Can't find any reason to not like Obama so you've resorted to repeating lies? This is getting quite pathetic.

 

[RodISHI]

I did not know Obama worked for Wells Fargo fka Norwest.

He actually works for ACORN

When did ACORN start buying up banks and mutual fund management companies?

 

[manu1959]

I did not know Obama worked for Wells Fargo fka Norwest.

He actually works for ACORN

When did ACORN start buying up banks and mutual fund management companies?

when obama got into office.....wait ...this is a trick question......

since the government has virtually robbed and bk'd social security......are you in favour of creating a parallel retirement system that you are also forced to contibute to that is controlled by the same idiots that messed up the first one.....