Research Report Key Thoughts on RSAs and LSAs
Leonard E. Burman, William G. Gale, Peter Orszag
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In his FY2005 budget, released Monday, President Bush proposes a set of new tax-preferred saving accounts (which were first presented in last year's budget). Under the Administration's proposal, two new types of individual accountscalled Lifetime Saving Accounts (LSAs) and Retirement Saving Accounts (RSAs)would be created. This note provides information to help assess these proposals.
Research Areas Economic mobility and inequality Aging and retirement Taxes and budgets
Tags Fiscal policy Pensions Individual taxes Federal budget and economy Campaigns, proposals, and reforms Retirement policy Federal tax issues and reform proposals