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Lifetime Savings Accounts, Retirement Savings Accounts Would Increase Deficits
Center on Budget and Policy PrioritiesLink to more items from this source
Jan. 21, 2004

Excerpt: In his upcoming federal budget plan, the President is likely to promote a proposal contained in last year's budget to establish new savings tax breaks. This proposal -- to establish tax-favored 'Lifetime Savings Accounts' and to replace existing Individual Retirement Accounts with 'Retirement Savings Accounts' -- is ill-advised for at least five reasons.

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