McCain: Hey, Dems, Don't Tax 401(k) Plans

This hot-button issue is picking up steam.


Looks like someone over at Team McCain is reading CapCom, especially my blogging about a plan floating around Capitol Hill to start taxing retirement plans like 401(k)'s and IRAs. This, from McCain's new stump speech:

This Democratic Congress is planning all sorts of new taxes. This week, we are hearing they want to tax your 401(k) contributions. This is a time when we need to be encouraging more investing, not taxing it. We can't let them get away with making a bad economy even worse. Now is the time to grow our economy, and that's what I'm going to do.