President Barack Obama wants your money now. Like, right now.
Talking Points Memo has the details … breathlessly:
“A new provision in Obama’s budget ‘[e]nds a loophole that lets wealthy individuals circumvent contribution limits and [ac]cumulate millions in tax-preferred retirement accounts,’” Talking Points Memo wrote, quoting a budget summary released by the White House, which will reveal its new budget Wednesday.
I can’t wait!
OK, so basically, the guy chronically incapable of self-restraint when it comes to federal spending is going after people who save money for retirement by imposing a caps on IRAs. His argument...