[ad_1] About the EARN Act The Enhancing American Retirement Now (EARN) Act, passed by the Senate Finance Committee last week, allows older savers to deposit an additional $10,000 per year into their retirement accounts. Plan participants can contribute additional funds to a Roth IRA, where deposits are taxed but withdrawals are not. For Congressional scorekeeping, this means that revenue is included within the 10-year budget window, but long-term tax deductions are invisible. TPC’s Steve Rosenthal condemned the move, saying “This is a serious use of budget scorekeeping rules.” The Latest…
Tag: Gun
The Bears Steep Gun Tax Could Curb Some Very Deadly Weapons, But There Are Lags
[ad_1] In response to two recent mass shootings, Representative Don Baer (R-VA) introduced a bill Which will impose 1,000 percent excise duty on some guns. Washington Post report That Bayer hopes to include it in a larger budget reconciliation bill that would allow it to pass the Senate by a simple majority. The bill would raise prices for not only taxed guns, but similar guns that are exempt from the new tax because people want to buy those guns instead. But, while Bayer’s tax may limit access to certain types…