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Lifetime Savings Accounts-- the Forgotten Savings Plans
The Heritage Foundation
[Opinion] Feb. 11, 2004
Excerpt: [I]t seems that arguments over the budget deficit will relegate the President's proposed savings plans to being nothing more than an idea. If so, this will mark the second year in a row that one of the President's best ideas remains largely unnoticed.... Unlike current law, which taxes the money put into regular savings accounts and the money earned in those accounts, the new plans would ensure savings are taxed only once.
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