Club for Growth President Chris Chocola: “What’s next – a cap on wealth in general?” 

Washington, DC - The Club for Growth issued the following statement in response to a proposal in President Obama’s budget that would cap the size of IRAs:

“What’s next – a cap on wealth in general?” said Club for Growth President Chris Chocola. “President Obama continues to attack success and oppose policies that would lead to increased wealth and prosperity. It’s clear that growing the economy is not his top priority – it’s to punish the very people who help make this country so great.” 

“President Obama should be encouraging Americans to save by cutting income tax rates, and by eliminating taxes on capital gains and dividends. Lower tax rates would lead to an economic boom that would benefit all Americans,” added Chocola.