Watch: Saving Up Doesn’t Have to Be This Taxing

Editor’s note: This post originally appeared on New America’s In The Tank Blog.

Earlier this week, New America’s Asset Building Program released a policy paper calling on Congress to drastically reform the tax code in order to effectively encourage saving. We spoke to Reid Cramer, Director of the Asset Building Program, on what’s wrong with the current tax code; whom it’s hurting; what promising reforms are currently in the works in Washington; and why this is so important for the U.S. economy.