The House Has Found Bipartisan Agreement on Reform to Retirement Accounts. Be Afraid.
by David Dayen
Posted June 10, 2019
House Ways and Means Committee Chair Rep. Richard Neal, D-Mass., waited until April 3, months after Democrats regained the chamber, to formally seek President Donald Trump’s tax returns. As Neal resisted pressure from his colleagues to pull the trigger earlier, he was working with Republicans on finishing a retirement security bill that had been several years in the making.
His colleagues began to suspect the two things were related, a suspicion that was heightened when the committee passed his legislation on April 2 — followed the next day by the long-awaited request.
That bill, the Setting Every Community Up for Retirement Enhancement, or SECURE, Act, got a unanimous vote in the committee, and it’s expected to sail through on the House floor on Thursday and probably find its way to the president’s desk. But in important ways, the measure is a case study in everything wrong with policymaking in today’s Washington. More…