Republicans to introduce bill creating Roth IRA-style savings account
Banking And Finance,House Republicans,Senate Republicans,Ted Cruz
From the Right
AllSides Media Bias Rating: Lean Right
Congressional Republicans are set to introduce legislation on Thursday aimed at giving consumers a tax-free haven for their savings interest.
The Universal Savings Account Act, sponsored by Rep. Diana Harshbarger (R-TN) in the House and Sen. Ted Cruz (R-TX) in the Senate, is designed to encourage taxpayers to save by simplifying the “complex rules and restrictions” in current law.
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