Obama budget proposal to call for $3M limit on IRAs
04/8/2013 |Â Bloomberg The budget plan that President Barack Obama will propose this week calls for limiting IRA assets to $3 million, with an estimate that it would generate $9 billion in revenue over the next 10 years. The White House said in a statement that some wealthy investors are able to save “many millions of […]
Sen. Baucus’ retirement decision could bring action on tax revamp
Sen. Baucus’ retirement decision could bring action on tax revamp The decision by Sen. Max Baucus, D-Mont., chairman of the Senate Finance Committee, to retire at the end of his term could be key to implementing a comprehensive overhaul of the tax system. He has promised to devote his remaining time in office to rewriting […]