🚀 go-pugleaf

The Senate Finance Committee has just approved the "prospective
nomination" of Lloyd Bentsen as the Treasury Secretary.  Bentsen has
been pushing to restore fully deductible IRA for all, including people
with pension plans.  But the news reported,

    In his opening statement, Bentsen, the 1988 Democratic vice
    presidential candidate, said the challenges facing the
    incoming administration and the 103rd Congress remain the
    same: to balance spending and revenues; make the tax code
    fairer, advance U.S. trade interests; expand job training,
    increase savings and stimulate public- private investment.

"increase saving" got a 5th priority.  This taken in line with what the
Clinton Budget Director talking about the priority,

    "Budget deficit, long term structure rebuild, tax cut for
    middle class, ..."

gives me the feeling that the fully deductible IRA is dead before arrival.