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While we were out, King Banaian had an exellent piece on a very underreported story: Al Franken's plan to get rid of Individual Retirement Accounts (IRAs).
Franken's plan would do away with IRAs in order to offer a government match on savings. Franken's problem with IRAs: the deduction doesn't help people who don't pay taxes.
Giving money to people who don't pay taxes has another name: welfare. Call it a savings plan all you like, but the real upshoot is that Franken is creating another income transfer scheme. |
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If you're tired of the issue-free partisanship that is trivializing the critical challenges facing our country, then you've come to the right place. We're in the middle of recreating the website, so forgive us if it's a bit chaotic for a day or two.
Because we think you’ll agree that we must get back to work on behalf of an agenda that will solve our country’s problems and save this great nation for our kids and grandkids, we founded the New Majority Project, an effort to re-engage the fight for limited government and a strong America.
Real change won’t come with the wave of a magic wand. Entrenched interests aren’t just going to give up control. It will require all the effort we can muster.
Over the last few years, too many politicians and organizations supposedly dedicated to our cause stopped pushing big ideas, persuading Americans, and winning new adherents to the limited government coalition. They became guardians of the status quo rather than its enemies.
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