As the attention of the nation and world leaders turn to Washington, D.C. to see what issues the new 115th Congress and administration of President Donald Trump are championing in 2017, the American Council for Capital Formation and its affiliated Center for Policy Research have developed a broad set of policy recommendations on tax reform and improvements to the federal regulatory process, particularly in the energy, environment, and financial services spaces, to guide and focus discussions both on Capitol Hill and downtown. Read the full memo.
Foreword Concerns about the low U.S. saving rate and its negative impact on capital formation and economic growth have been a key driver of the...
Introduction by Mark Bloomfield, ACCF President and CEO
A comprehensive retirement policy designed to maintain growth in savings, expand coverage, and prevent leakage during job changes is imperative for retirement security. The recently re-proposed DOL fiduciary rule, meant to protect the retirement savings of individuals, may well have the opposite effect. The DOL rule should be more fully analyzed and adjustments made to ensure the rule does not have an adverse impact on retirement plan access and investment education.
The slowing pace of investment has contributed to slower productivity, economic growth and, ultimately, to a slower rate of improvement in living standards.