House Votes to Suspend Unfair Retirement Tax on Seniors

12.10.08   WASHINGTON, DC -- The U.S. House of Representatives approved bipartisan legislation today that would temporarily suspend a tax penalty for seniors who do not take a minimum withdrawal from their depleted retirement accounts, such as 401(k)s.The Worker, Retiree and Employer Recovery Act (H.R. 7327), suspends for one year an Internal Revenue Service requirement that account holders of 401(k)-style plans must withdraw a minimum amount of money every year after they reach 70 ½ years old. This suspe… Continue Reading

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Chairman Miller Unveils Principles to Preserve and Strengthen 401(k)s in the 111th Congress

11.14.08   WASHINGTON, DC -- Today, a Wall Street Journal editorial further perpetuated an active campaign that is blatantly misrepresenting Democratic efforts to preserve and strengthen Americans' retirement security. In light of these ongoing distortions, U.S. Rep. George Miller (D-CA), the chairman of the House Education and Labor Committee, reiterated the committee's legislative priorities in preparation for the next Congress' efforts to help Americans enjoy a secure retirement. "The Wall Street Journ… Continue Reading