Fully Deductible IRA's

The committee heard testimony on legislation that would make individual retirement accounts fully tax deductible as an effort to stimulate… read more

The committee heard testimony on legislation that would make individual retirement accounts fully tax deductible as an effort to stimulate the economy through saving. Committee chairman Bentsen cited statistics that claimed a worldwide capital shortage as well as a U.S. capital shortage were imminent. Sens. Bentsen and Roth authored the legislation that would make the IRA fully tax deductible. Mr. Greenspan said inadequate savings was hurting the U.S. chances for economic prosperity. He detailed the importance of savings to the American economy, and eventually advocated reductions in the annual federal deficit as being the best way to spur savings in the U.S. close

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Fully Deductible IRA's

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Program ID:
18010-1
Category:
Senate Committee
Format:
Senate Committee
Location:
Washington, District of Columbia, United States
First Aired:
May 16, 1991
Last Aired:
May 19, 1991

Airing Details

  • May 16, 1991 | 4:16pm EDT | C-SPAN 1
  • May 16, 1991 | 7:00pm EDT | C-SPAN 2
  • May 16, 1991 | 10:29pm EDT | C-SPAN 1
  • May 17, 1991 | 4:10am EDT | C-SPAN 2
  • May 19, 1991 | 10:10am EDT | C-SPAN 2
  • May 19, 1991 | 1:50pm EDT | C-SPAN 1
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