Bowles, Simpson Warning: Deficit Committee Must Cut More Than $1.2 Trillion
The two co-chairmen of the National Commission on Fiscal Responsibility and Reform warned lawmakers on Tuesday that any deal to reduce the federal budget deficit by no more than $1.2 trillion would “merely delay” the nation’s fiscal problems.
Former Bush Economist Floats Retirement Reform Plan
An economist to former President George H.W. Bush unveiled a proposal to reform the retirement savings system by replacing the deduction for contributions to retirement savings accounts with a flat-rate refundable credit deposited directly into a saver’s account.
Retirement Plans’ Perilous Future
Advisors to Congress: Don't Axe Retirement Plan Tax Benefits to Cut Deficit--Update
American Benefits Council warns against possible Congressional desire to remove favorable tax treatment of DB and DC plans.
The Future of HSAs
As of 2008, 9.8 million adults aged between 21 and 64 were either in a consumer-driven health plan or were eligible to open a health savings account (HSA)