To: Alberta's Child
“On the other hand, I don’t think proposal is going to go anywhere. The U.S. investment banking industry is probably gearing up its lobbying machine to quash it before it ever sees the light of day in Congress.’
Most Americans have no where near $3 million in IRA’s and 401K’s. To the average American a $3 million cap is going to seem extremely reasonable. When it fails to even get a vote in Congress, Obama and the press will portray its failure as one more example of mean spirited Republicans protecting the wealthy. This is all part of the PR campaign to spend and tax more.
posted on 04/06/2013 4:34:28 PM PDT
by Soul of the South
(Yesterday is gone. Today will be what we make of it.)
To: Soul of the South
You're right, but keep in mind that some of the strongest opponents of this measure in both houses of Congress will be those from a place like New York (i.e., Democrats) where investment banking is a huge industry and a major employer.
posted on 04/07/2013 8:00:45 AM PDT
by Alberta's Child
("I am the master of my fate ... I am the captain of my soul.")
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