Top White House Economic Advisor Wants to Reform Tax Incentives for Retirement Income

Pension360 covered yesterday the new study examining the ways income inequality manifests itself in retirement benefits. Gene Sperling, Director of the National Economic Council, presented his own ideas recently on the topic of inequality and retirement, and described what he labeled the “upside-down” tax incentive system that applies to retirement ...

Could a “Retirement Tax” Help Illinois Climb Out of It’s Fiscal Hole?

Illinois is in a fiscal bind, and Rich Miller—founder of CapitolFax and tab-keeper on all things Illinois politics—explores in his recent column a policy that could raise $2 billion dollars. The idea: levying a tax on retirement income. From Miller: Illinois is facing a $4 billion hole in its 2015 budget when the 2011 income tax increase automatically ...
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