President Obama recently called for a new era in the American economy--an era where Americans save and invest, rather than borrow and spend. Now that the 2008 tax season is coming to a close--with over three-quarters of Americans receiving federal refunds averaging more than $2,700--how can families best save and invest these windfalls? To help more low- and middle-income Americans save, the Obama Administration proposes expanding the Earned-Income Tax Credit (EITC), improving the Savers Credit, creating Automatic IRAs, and reforming asset limits in public assistance programs. How can we refine and advance these proposals, and what are some other new and promising ideas to consider to encourage even more savings and investment? Jason Furman, Deputy Director, White House National Economic Council, will discuss the Administrations plan to help taxpayers save and invest at this critical time, and key Congressional leaders will offer their ideas as well. Also featured are three pioneering organizations who will present their ideas and data on innovative efforts to promote savings and investment among working Americans.
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