Obama wants to tax your 401(k)

Obama and Congressional Democrats have a plan to tax your 401(k). In a socialist society, nothing belongs to you. It belongs to the state.

Investor's Business Daily hammers the Washington political class for its latest duplicity: More than 30 years ago, lawmakers made a deal with Americans: Set up a retirement nest egg and we'll let you fill it with tax-free money. A financially troubled Washington now plans to break its word.

Read more at Investor's Business Daily.