Thursday, July 3, 2014

Wyden Targets Tax Changes for $9 Billion Highway Infusion

Yes, by now, most of us understand the government is broke, including the Department of Transportation's US Highway Trust Fund.

So who are the lawmakers targeting to make up the deficits?

Retirement accounts.  I told you so.

http://www.bloomberg.com/news/2014-06-24/wyden-targets-tax-changes-for-9-billion-highway-infusion.html
The legislation by Senate Finance Committee Chairman Ron Wyden, an Oregon Democrat, will pay for the proposal by raising a heavy-vehicle use tax and making other tax and compliance changes related to retirement accounts and mortgage interest. He plans to bring the bill before his committee on June 26.

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