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Leaders Must Address Taxes, Spending Without Harming Retirement Security
Investment Company Institute [ICI] Link to more items from this source
[Opinion]
Apr. 10, 2013

"While workers defer taxes on their retirement savings today, they will pay taxes on their income in retirement. 'Capping' tax deferral at 28 percent would reduce or even reverse the powerful incentives that have helped Americans amass $10.5 trillion in defined contribution plans and IRAs -- savings to help ensure retirement security. Similarly, the proposal to place a dollar cap on individual retirement saving accounts would add complexity and confusion to our nation's system for retirement savings."

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