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Contact:
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Robert Schmermund
(202) 857-3104
Jim Eberle
(202) 857-3145
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Jim Eberle
(202) 857-3145 (work)
(703) 893-2593 (home)
[email protected]
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For Immediate Release
May 2, 2001
#01-38 |
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E-mail:
[email protected] |
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ACB APPLAUDS PASSAGE OF RETIREMENT SAVINGS BILL
Statement by Robert R. Davis, managing director of government relations, America’s Community Bankers, on passage of the Portman-Cardin bill by the House today:
The nation’s community bankers are strong supporters of rewarding workers and families with tax incentives to encourage savings for retirement. Community bankers applaud passage of the Portman-Cardin bill and are working with the Senate Finance Committee for inclusion of the Grassley-Baucus companion bill in the Senate tax bill.
Enacting these reforms helps Americans at every age and income level save for their retirement. It also helps to increase the national savings rate which, in turn, increases economic growth by creating investment capital and reducing interest rates.
We urge Congress to make room in this year’s budget for tax incentives for retirement savings. Each year of delay in increasing retirement options puts working Americans further behind in their ability to provide for retirement.
America’s Community Bankers is the national trade association committed to shaping the future of
banking by being the innovative industry leader strengthening the competitive position of
community banks. To learn more about ACB, visit
www.AmericasCommunityBankers.com.
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America’s Community Bankers
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phone 202-857-3100 | fax 202-296-8716 | [email protected]
Copyright 1996-2002 © America’s Community Bankers. All Rights Reserved.
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