Let's be clear. This is NOT an Obama proposal but there is a proposal in Congress to nationalize 401K plans. The Dems are considering whether to replace the current system with one in which EVERYONE gets a $600 "subsidy" to "invest".
They propose to remove the current favorable tax treatment and replace it with mandatory investment in a government administered fund that would purchase U.S. Government bonds paying 3%.
The details are on workforce.com and hotair.com.





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