For American Workers, SECURE 2.0 “Feels Like a Tax Cut”
Praise continues to roll in following the House’s passage of the Securing a Strong Retirement (SECURE 2.0) Act of 2022.
Noting the particular benefits for America’s older workers, Mark Iwry, who served at the U.S. Treasury Department during the Clinton and Obama Administrations, praised the bipartisan bill, saying “it feels like a tax cut.”
SECURE 2.0 strengthens Americans’ retirement savings by:
- Helping more Americans save for retirement at all stages of their career
- Making it easier for small businesses to set up retirement plans for their workers
- Building on the success of the SECURE Act in 2019, with more than 20 provisions sponsored or co-sponsored by Republicans in stand-alone legislation
- Taking a sensible approach that is bipartisan and revenue-neutral
READ: ONE PAGER: SECURE 2.0: Securing a Strong Retirement Act
BACKGROUND:
First introduced by Ways and Means Republican Leader Kevin Brady (R-TX) and Chairman Richard E. Neal (D-MA), the bill builds on the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 to further improve workers’ long-term financial wellbeing.
SECURE 2.0 has received the endorsement of multiple organizations representing taxpayers, retirees, workers, families and job creators. Find out what they’re saying: