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Old 10-24-2008, 11:00 AM   #1
Join Date: Sep 2008
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Default House Democrats Contemplate Abolishing 401(k) Tax Breaks

Since we are approaching a possible Obama-Pelosi-Reid veto-proof majority, I thought some might be interested in this article.

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Old 10-24-2008, 11:16 AM   #2
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Sounds to me like they're discussing restructuring 401k benefits from tax breaks to other incentives (like lower retail fees). Sounds to me like they're examining the benefit of using safer government bonds instead.

Do I love the plan? No. I don't think eliminating the incentive for employers to contribute to employee retirement funds is such a hot idea. But here's my thing: I don't know all the ins and outs of how it works now or how they want it to work. And they're just talking about it. They're researching it. I have no problem with that.
"And politically correct is the worst term, not just because it’s dismissive, but because it narrows down the whole social justice spectrum to this idea that it’s about being polite instead of about dismantling the oppressive social structure of power.
Fun Fact: When you actively avoid being “PC,” you’re not being forward-thinking or unique. You’re buying into systems of oppression that have existed since before you were even born, and you’re keeping those systems in place."
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