Transforming Federal and State Retirement Tax Deductions

June 9, 2015

This paper discusses how the United States' system of voluntary, tax-favored retirement accounts has failed to produce adequate retirement savings.

It recommends switching the ineffective and regressive system of tax deductions for contributions to qualified retirement accounts to providing every American with a tax credit. This revenue-neutral policy change would provide an equitable and effective means of ensuring that all working Americans have retirement savings.

Published in the Marquette Benefits and Social Welfare Law Review.

Authors: Teresa Ghilarducci and Ismael Cid-Martinez
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