Subscribe to the Tax Headline RSS feed | Subscribe to the Tax Headline feed via EmailBNA INSIGHTS: President’s 2011 Budget Would Change the Landscape of U.S. Savings Policy
June 11, 2010 in Daily Tax Report · Leave a Comment
Increasing savings and promoting retirement security are two long-standing goals of federal policy; an array of policies and programs exist to help households achieve those ends.
The Obama administration supports policies, described in the president’s fiscal year 2011 budget proposal, that would further promote these objectives and alter the savings policy landscape in significant ways. This article will present an analysis of current policies, a description of the Obama administration’s savings proposals, and an assessment of the changing landscape of U.S. savings policy.
Looking at the federal budget as a whole, we can see that a sizeable amount of public resources is directed at promoting savings for retirement and investment. The vast majority of these financial incentives to increase ownership and promote savings are delivered through the tax code.
