And the chance of the GOP-majority House considering this legislation is.....
Another Obama income redistribution scheme.
“$1 billion a year in new tax revenue” amounts to about 2.4 hours of federal government spending. Where are we going to get the revenue for the remaining 364 days, 19.6 hours?
This only affects small business owners and wage earners.
It has no effect on 0dunga or any of his rich buddies or any of the corrupt-to-the-core creeps who got rich by being elected to government.
What a flaming jerk.
OUTRAGEOUS!
Who is this putz to dare declare how much is "too much" and set a cap on what I might save for retirement?
They’re always wanting to punish the poor bassturd that was smart enough to make something of himself to get where he is and steal whatever he has.
I despise communists such as this turd on a stick.
May his days be few and a incurable pox be upon him.
Except for higher-income earners whose employer was the feral government, of course.
Maybe we need a Ukranian solution to this problem.
Message: Don’t be responsible and save for your retirement. Be dependent on the government. I despise this regime.
$1 billion? Chump change. Just spend $1 billion less. Don’t tell me that’s hard in a $4.5 trillion budget!
Oh, I forgot, I’m a radical extreme conservative for even thinking that.
It begins. This is a thinly disguised way of confiscating money saved by hard-working individuals.
If this isn’t stopped, oh what’s the use! The American public is too stupid to care.
The thief in the White House clearly intends to steal every dime in America that isn’t hidden under the mattress.
Then come for the mattresses.
And now, if any news organization dares to report it, the FCC Police will be there in a hurry.
“According to the report, the proposals are designed to direct more of the tax preference for retirement savings toward getting more low- and middle-income people into the habit of saving.”
Right, because every fool knows that sticking it to the rich for doing the smart thing ALWAYS motivates the American Idle to wise up and do the smart thing, too.
Dear God,
Would you make abysmal stupidity FATAL for just ONE DAY?
PRETTY PLEASE??
“that could bring in $1 billion a year in new tax revenue”
and the total budget, the total deficits and the total debts are what?!?!?
is this a financial proposal?
no; its ideological; it’s about “income inequality”
Will this be retroactive? Whatever is bad for the stock market is good for America./s
Intended to excite the base for Nov.
I wonder if this would affect Roth IRAs, which are pre-taxed. It must really irritate the feds that they can’t get any more money when those IRAs are cashed in.
This is how the government creates classes of citizens.
The question most people ask themselves this day is not, how hard do i have to work to be successful?
Instead it is: How poor do I need to become to avoid the wrath of the federal government?