The Drama Queen republishes the press release.
COLEMAN FOR U.S. SENATE PRESS RELEASE: “FRANKEN PROPOSES REPEAL OF 401(k) AND IRA ACCOUNTS AND CREATES NEW TRIPLE TAX ON RETIREMENT ACCOUNTS”
October 8, 2008 2:05 pm
ST. PAUL – Incredibly, at a time when middle class Minnesotans are struggling to save for retirement, Al Franken has boasted that he will raise taxes on retirement savings by repealing the deduction for 401(k)s and IRAs, the primary retirement savings vehicles for middle class Minnesotans.
“Al Franken’s proposal would eliminate many Minnesotans’ ability to save through 401(k) and IRA accounts, both regular and Roth.” said Cullen Sheehan, Campaign Manager for Coleman for Senate. “Incredibly, Franken proposes to instead impose a triple tax on 401(k)s and Individual Retirement Accounts. Al Franken’s plan would be much worse for Minnesotans saving for retirement, and once again is a reckless, ridiculous and wrong approach to helping middle class Minnesotans.”
I think this is the first time Coleman has challenged Franken on substance. Coleman is having trouble with this story.