Free Minds & Free Markets

The Case for Universal Savings Accounts: New at Reason

Keith Lamond / DreamstimeKeith Lamond / DreamstimeThis week, House Republicans did what they do best: offer to cut taxes and add to the deficit. Their three-part reform plan is round two of their goal to dramatically slash taxes and reform the nation's tax code. The move is likely a political one, because it isn't fiscally responsible. Yet it carries with it the seed for an important reform.

That reform, writes Veronique de Rugy, is the Family Savings Act of 2018, which includes some important attempts to ease rules around retirement savings and startup companies, including the creation of new universal savings accounts.


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