"The plan, dubbed "AmeriSave," would offer workers a number of savings-oriented incentives designed to supplement Social Security. Backers offered no immediate estimate of the plan's cost.
"AmeriSave will help middle-class families build retirement security by expanding opportunities to save, and ensuring pension fairness, guaranteeing workers receive the benefits that they have been promised after a lifetime of hard work," House Minority Leader Nancy Pelosi, D-Calif., said in a statement.
Under the plan, workers would receive a dollar-for-dollar match for the first $1,000 contributed to an IRA, 401(k), or similar plan. The recipient would receive the match after they filed a tax return, with the funds directed into their retirement savings account."
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Brilliant political strategy. Take funds from hard working Americans with higher income who don't vote D anyway and then take those siezed moneys and dole them out ti the traditional D voting bloc! Then, as usual, the S Soc "surplus" each year can be leveraged into even more different 'vote buying' entitlements. Genius.
DNC touts Amerisave program
