FIXING THE SAVING PROBLEM
How the Tax System Depresses Saving, and What to Do About It
by Stephen Entin on 05/16/2001
24 Pages
The personal saving rate in the U.S. is alarmingly low — far too low to meet the retirement needs of the baby boomers. The very low saving rate restricts investment, which in turn retards economic growth. The culprit is the pervasive bias against saving that is built into almost every aspect of the tax code. Removing this bias against saving through tax reform could raise national income by 10 to 15 percent in 15 years.
This publication is part of the Road Map to Tax Reform™ Series
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