Democrats target rich people’s retirement accounts to pay for progressive wish-list items in $3.5T spending bill. Yeah. How long before they’re stealing from everyone’s IRAs? Then they’ll hit Average Joe’s savings and checking accounts.
Hit ‘Mega IRAs’ — Democrats say they’re aghast that hundreds of Americans have IRAs worth more than $25 million, and nearly 30,000 have accounts with balances topping $5 million, while many others have little to no retirement savings. Going after super-sized retirement savings accounts like that could drum up substantial revenue for the $3.5 trillion plan, Democrats say, though an exact figure is unclear.
