The Hill: Obama Budget To Target Retirement AccountsSubmitted by emalvini on Fri, 04/05/2013 - 18:44
The Hill: Obama Budget To Target Retirement Accounts
By Bernie Becker
04/05/13 11:45 AM ET
President Obama’s budget, to be released next week, will limit how much wealthy individuals – like Mitt Romney – can keep in IRAs and other retirement accounts.
The proposal would save around $9 billion over a decade, a senior administration official said, while also bringing more fairness to the tax code.