CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Hillary Clinton Gives American Retirement Accounts Speech

Hillary Clinton Gives American Retirement Accounts Speech

by Carla Johnson, Investors Offshore.com, London

11 October 2007


Hillary Clinton has this week unveiled proposals for a new American Retirement Accounts plan with matching tax cuts.

Building on her commitment to protect the guaranteed benefit of Social Security, the American Retirement Accounts plan would aim to tackle the current retirement savings crisis.

Bloomberg this week quoted Ms. Clinton as announcing during her speech in Webster City, Iowa that: "These accounts will take the best of the 401(k) plans and make them available to every working family. They will help families and individuals who are falling through the cracks."

Under the plan, working and middle class families who currently have the hardest time saving will get matching tax cuts as an incentive to save. And all Americans will be permitted to open new American Retirement Accounts that will be designed to provide portable savings throughout their careers. In essence, according to Clinton, the plan will provide universal access to a 401(k) regime for all Americans.

“I believe it’s time for a new bargain with the American people – a bargain that reflects the changing global economy and the new realities of aging. I believe that if you work hard and contribute to our country, you should have the opportunity to save and invest. And through the discipline of good planning and the miracle of compound interest, you should be able to build wealth for yourself, a better future for your family, and a secure retirement,” Clinton stated.

“That’s why today I’m announcing my plan to provide every single American with an easy, automatic opportunity to save for the future through a new account I’m calling an American Retirement Account. These accounts will take the best of 401(k) plans – and make it available to every working family in America."


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »