Senator Todd Young of Indiana was part of a group of legislators that introduced legislation on Wednesday that would provide relief and protections for middle class savings.
It is called The Middle-Class Savings and Investment Act.
Young says it will offer “targeted relief to Hoosiers who are struggling with the impact of inflation.”
One of the things it would do is increase the maximum “savers credit” a person can get for contributing to qualified retirement accounts and expanding the availability of this credit score to more taxpayers.
3 comments
With the high prices, and going even higher it’s not likely that savings are not what they used to be. People are doing all they can to just pay the bills and keep food on the table.
Inflation has reached the point where “saving” is just buying necessities early before the price goes up.
Yes your right you save one week use it the next to pay bills give us a stimulas or get the governments ass doing what he should be doing President too look out and take care of the people that’s what your in there for not make yourself rich. I think everyone of them need voted out!