Tuesday, April 11, 2017

Senate Republicans Just Voted To Take Retirement Accounts Away From Low Income Workers

Senate Republicans Just Voted To Take Retirement Accounts Away From Low Income Workers

By a 50-49 vote, Senate Republicans have rolled back an Obama-era regulation that allowed states to create retirement accounts for low-income workers whose employers did not provide them.

Senate Majority Leader Mitch McConnell claimed that the rule undercut private sector business, “Under the guise of helping more people save for the future, it undercut a system of private retirement savings that has served millions of Americans very well for decades. The end result would be more government at the expense of the private sector.”

The truth is that the vote was really who the Senate works for.

Sen. Elizabeth Warren (D-MA) pointed out before the vote that Republicans have not put up a single piece of legislation to help working families in this Congress.

Video of Warren speaking on the Senate floor:

  

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