An open letter to the U.S. Congress

Increase pre-tax deposits for IRAs and 401ks to allow the middle class to save

1 so far! Help us get to 5 signers!

I am writing to request that you sponsor a bill to double the allowable contributions into 401k and IRAs. My contributions can't keep up with inflation and at the current contribution limit I won't be able to retire. It is unacceptable that the middle class be penalized while the rich get richer on the shoulders of our labor. Please sponsor Bill to double or triple the IRS contribution limits for both IRAs and 401ks even if the bill has to say it's temporary for the next 5 years. The middle class needs a break and this is a good way to give a tax break to middle class and allow them to save.

▶ Created on July 21, 2022 by Eric

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