Tom Toles for April 18, 1999

Transcript:

Clinton: I know you're exhausted from the 21 hours it takes to do an average tax form. But I'm proposing some relief! A new personal investment account. Available to you, providing $350, or $700 for a couple filing a joint return, beginning to phase out at $40,000. And households with $100,000 would not be eligible ordinarily, unless they don't have a comparable plan through their employer. With a limited choice of investments and paid for by taking from the social security surplus and paid to you in addition to social security it there's any left. We call is the 'hours of 22-27 of your filling out your tax form' tax reform. Pages 3741-3978 in your tax guide.