Clinton proposes $25 billion 401(k) plan, matching funds

10/10/2007 | TIME (subscription required)

Sen. Hillary Rodham Clinton, D-N.Y., the leading candidate for the Democratic presidential nominee, proposed 401(k) retirement accounts for families and up to $1,000 in annual matching funds. Costs for the plan could reach $25 billion annually and is second only to Clinton's universal health care proposal in terms of size for the candidate's domestic agenda. Meanwhile, Clinton scrapped a previously announced proposal to give every baby born in the United States a $5,000 account to one day pay for college or a first home.

View Full Article in:

TIME (subscription required)

Published in Brief: