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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
March 14, 2001
#01-22 |
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E-mail:
[email protected] |
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ACB APPLAUDS INTRODUCTION OF PORTMAN-CARDIN BILL
Statement by Diane M. Casey, president, America’s Community Bankers, on introduction of the Portman-Cardin bill to increase incentives for retirement savings:
The nation’s community bankers are strong advocates of helping Americans save more for their retirement. America’s Community Bankers applauds Reps. Rob Portman (R-Ohio) and Benjamin Cardin (D-Md.) for reintroducing their comprehensive plan to increase tax incentives for retirement savings by expanding Individual Retirement Account and 401(k) contribution limits, creating a catch-up provision for Americans over the age of 50, and streamlining the administrative and regulatory rules for pension plans.
We now call on President Bush and Congress to make room in any tax legislation this year for the Portman-Cardin package. Each year of delay puts working Americans further behind in providing for their 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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Copyright 1996-2002 © America’s Community Bankers. All Rights Reserved.
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