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Democrats target rich people’s retirement accounts to pay for progressive wish-list items in $3.5T spending bill

Posted on AllSides August 3rd, 2021
From The Right
federal spending, Mega IRAs
ANALYSIS

The lawmakers are reportedly 'aghast' that some have millions while others have next to nothing in retirement savings.

Democrats on Capitol Hill are reportedly setting their sights on wealthy people's "super-sized retirement savings accounts" as one way to pay for a litany of progressive wish-list items included in their mammoth $3.5 trillion spending plan.

Politico reported Tuesday that congressional Democrats are "aghast" that some people have managed their wealth responsibly and amassed multimillion-dollar individual retirement accounts while others have next to nothing — an unacceptable imbalance in the democratic-socialist state the...

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https://www.theblaze.com/news/democrats-target-retirement-accounts-spending-plan

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