Not a priority? State of the Union: Speech to Congress has observers asking how pension, retirement issues rank on Bush administration agenda.(News)(George W. Bush)

Pensions & Investments, January, 2004 by Anand, Vineeta

Byline: Vineeta Anand, with reports from Barry Burr, Joel Chernoff and Phyllis Feinberg WASHINGTON - President Bush's State of the Union speech was more striking for what it left out, than for what it said. Pension or retirement proposals were notably absent from Mr. Bush's speech. In fact, the president asked lawmakers for permanent tax cuts for married couples, families and small businesses, but failed to seek permanent status for temporary higher contribution and benefits limits for retirement plans and individual retirement accounts enacted in May 2001.

The law expires at the end of 2010 Also not part of his must-do agenda for 2004 was the creation of new lifetime savings accounts, which were seen by observers as undermining the employer-sponsored...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.