Why The Financial Transaction Tax Is Bad For Americans’ Retirement
RETIREMENT FUNDS OF HARD-WORKING AMERICANS ARE UNDER ATTACK.
Politicians in Washington are out of touch with their constituents. Countless Americans will be at risk of losing their hard-earned retirement to a proposed tax on their life savings if we don’t do something about it.EVERYONE HAS A RIGHT TO SAVE FOR THEIR FUTURE.
Unfortunately, the Financial Transaction Tax takes that away from hard-working Americans, putting their futures at risk. The retirement tax would be a tax on all financial transactions such as 401(k)s, IRAs, 529 educational savings, and pensions.THIS TAX WILL HURT EVERYONE, BUT MIDDLE CLASS AMERICANS WILL FEEL IT MOST.
People who invest in their future, such as parents, teachers, first responders, and other hard working Americans who contribute so much to our country’s economy, will be the ones hurt the most.JOIN THE THOUSANDS OF AMERICANS SUPPORTING THE MOVEMENT TO PROTECT OUR SAVINGS
Sign our grassroots petition to join us in the fight to protect our savings
MIDDLE CLASS AMERICANS WHOSE FINANCIAL FUTURE IS THREATENED BY THIS RETIREMENT TAX:
Teachers, Fire Fighters, Police Officers, Government Workers, and Other Public Employees
The essential workers who work hard for our communities are also targeted by this tax. After years of service, these critical employees deserve a stable pension. This tax would punish these public servants and do a disservice to those who committed their life to public service.
Parents and Children
The price of education is rising at a strikingly fast pace and parents are already struggling to keep up in order to provide a good education for their children. This tax will financially devastate almost half of all parents who invest their hard-earned money into 529 educational savings accounts. A good education ensures that children will have a shot at a good future, and this tax makes that harder for American families.
Seniors and Retirees
After working hard all their lives and contributing to their retirement, this tax would inhibit seniors from taking full advantage of those savings. It’s important workers have the best retirement options possible so they can live comfortably in their golden years.
Union Members
Collective bargaining is a hard fought right that dues paying union workers have. They work hard to win better wages, healthcare, and a secure retirement for themselves and their families. It’s unfair that union members that work day in and day out and contribute to their savings account would be hit hard by this tax. They deserve to retire comfortably and not lose their savings.
Everyday Investors
Many Americans manage their own retirement plans through personal investments. These everyday investors will face an enormous loss in their income as a result of the Financial Transaction Tax. It is projected that the average IRA investor will have lost around $20,000 when they retire as a result of this unnecessary tax.