DEMOCRATS WANT TO TAP INDIVIDUAL 401K PLANS TO SUPPORT GOVERNMENT

FEDS EYE RETIREMENT-FUND TAX TO CUT $16 TRILLION-PLUS DEFICIT

http://www.nypost.com/p/news/business/plunder_CrD9s6MElVsEIJj2IVgHuK

New York Post – Gregory Bresiger – 4/22/2012

Uncle Sam, in a desperate attempt to fix its $16 trillion-plus deficit, is leering over Americans’ retirement nest egg as its new bailout fund. Capitol Hill politicians are assessing tax changes that could let the Internal Revenue Service lay claim to a portion of the $18 trillion sitting in 401(k) accounts and other tax breaks used by middle-class workers, including cutting the mortgage tax deduction.

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