Rush has been talking about this today. I suspect Sean Hannity will too.
If Urkel is stupid enough to openly supports this, he will lose the election. A lot of his young supporters have 401(K)s, and even though they have taken big hits on their accounts the last few months, they won't take kindly to the dot-guv nationalizing their personal retirement accounts, which is what this basically amounts to. 401(K)s promarily benefit the middle and lower class workers, due to matching employer contributions. Take away the deductability from the employer, and the employer will stop contributing. Take away the tax deferment from the employee's portion, and the employee's taxes go up.
Please keep throwing these ideas on the table, DNC. You're gonna keep weakening Urkel's lead......
As for myself, the day I suspect that Congress is about to pass legislation to nationalize my IRAs or 401(K), that is the day I cash them in, pay the full tax amount plus penalty, and and seriously consider transfering the money offshore, to a country that does not have banking and tax treaties with the USA. I'm NOT going to say which country. But it ain't Switzerland.....
It's a lot closer.
