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    Q&A: What Is This “myRA” Retirement Account Obama Announced?

    In his State of the Union address, President Obama announced a new type of retirement savings account he wanted the Treasury to create. He signed the executive order today. We asked Romina Boccia, Heritage’s Grover M. Hermann Fellow in Federal Budgetary Affairs, what this is all about. — Amy Payne … More

    VIDEO: Three Reasons to Reform Social Security Now

    In a recent video by ReasonTV, Nick Gillespie describes Social Security as a “fiscal and demographic disaster.” Heritage research provides further support that the program “desperately needs to be reformed right now—for at least three reasons”: Social Security pays more in taxes than it receives in benefits. A recent Heritage … More

    Baucus–Hatch “Blank Slate” Tax Reform a Positive Step but Too Narrowly Focused

    Chairman of the Senate Finance Committee Max Baucus (D–MT) and Ranking Member Senator Orrin Hatch (R–UT) recently proposed a “blank-slate” approach to tax reform. This new effort helps strengthen the growing momentum for tax reform, but it is too narrow to result in the fundamental reform to the tax code … More

    Damaging Policies Add Up to $1 Trillion Tax Increase in Obama Budget (UPDATED)

    UPDATE: The official total tax increase in President Obama’s budget is now available in the Treasury Department’s “Green Book.” Treasury scores the total net tax increase from all President Obama’s tax polices at more than $1.1 trillion over 10 years. There was little doubt that President Obama would propose a … More

    Automatic Enrollment Builds Retirement Savings – Period.

    Adding automatic enrollment to a 401(k) retirement savings plan builds retirement savings. It especially helps lower and moderate income workers, but employees at all income levels start to save earlier, save more, and have better investment choices than similar plans without that mechanism. This simple fact is true despite some … More