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Report: President's Savings Proposals Most Likely to Benefit Wealthy -- Revised May 25, 2005 (PDF)
Center on Budget and Policy PrioritiesLink to more items from this source
May 27, 2005

7 pages. Excerpt: The President's 2006 budget includes a proposal to establish new savings tax breaks. .... The proposal would establish tax-favored 'Lifetime Savings Accounts' and replace existing Individual Retirement Accounts with 'Retirement Savings Accounts.' Further, there appears to be growing interest in Congress for expanding tax-preferred savings opportunities, particularly along the lines of the administration's RSA proposal.

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