NAIFA President Robert Miller issued the following statement on H. Con. Res. 101 to express “the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans to help plan for a financially secure retirement”:
“Tax-deferred retirement products, like annuities, Individual Retirement Accounts, and 401(k)s, are the bedrock retirement products for the middle-income Americans served by NAIFA members. That’s why NAIFA commends the bipartisan efforts of Reps. Jim Gerlach and Richard Neal and more than one hundred of their colleagues in the House of Representatives who sponsored a concurrent resolution supporting the current tax incentives for retirement savings.
“Legislators face difficult decisions as they confront the federal budget deficit, and NAIFA is glad that these Members of Congress are aware that we can’t solve the problems of today by making it more difficult for middle-income Americans to plan for the future.”