Wyden Backs Universal Savings Accounts for U.S. Newborns
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Ron Wyden, poised to become the Senate’s top Democrat on tax policy, said he will push to establish universal savings accounts for all newborns in the U.S. as a way to “really put a dent in the poverty rate.”
Wyden, who will become chairman of the Senate Finance Committee as soon as next week after the Senate on Feb. 6 confirmed Max Baucus as ambassador to China, emphasized he would discuss details with his colleagues before writing the legislation.