The Aspen Institute

Former House Majority Leader Dick Armey (R-TX), Congressman George Miller (D-CA) and a group of other policymakers, business leaders and experts convened in December at an Aspen Institute Initiative on Financial Security (Aspen IFS) roundtable to discuss the savings proposals put forward by the President’s Advisory Panel on Federal Tax Reform. In particular, the conversation focused on how the current tax code and the Panel’s recommendations reward the savings of low- and moderate-income Americans. This publication highlights the Panel’s savings recommendations, summarizes the roundtable participants’ reflections on the trade-offs between fairness and simplicity, and provides an analysis about making the Saver’s Credit more generous.