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.
Primary topic Individual Taxes
Research Area Individual Taxes Federal Budget and Economy Campaigns, Proposals, and Reforms