Wyden To Push Regs On Retirement Plans, Savings Accounts

Law360, New York (February 10, 2014, 7:39 PM EST) -- Sen. Ron Wyden, D-Ore., poised to become one of the top tax writers in Congress, said Friday that he will push his colleagues to back legislation that consolidates retirement savings plans and creates new savings accounts at birth for all Americans.

Speaking at the University of Southern California Gould School of Law, Wyden, incoming chairman of the Senate Finance Committee, said U.S. tax laws need to be reformed to address growing income inequality. He described the current tax code as a “dysfunctional rotting mess of a...
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