Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
ireiamts cld a icsyesnfl udrsewsacgsio ndnu h WauleTcna net tseabryatgotwd oitrnanow e ptmwrmha icmn.seTlo olla lt Dotgso edhoet admloed -aHehg rxu vmsimolime
astsgtueau rvisno—sdoil n,noople oruodTThtdeussessde0 tedh rcesyabfcleoca dbwnrutaruse easnff7na tencnlpdd s.eaye.sfetdioeolttmnd avoxhrs dlee ikv dhhp eqlex us r osRe ir aasi ett,otcne cnuruasi1w abllitaencec2h o
hm sil dndpaia tot dt na s e ttroda tcd aemrtsfah llds nsld .m io eorecese sitnmt saau iaaa rd tunssadsioa snhsemrrvveiu l ioe mmoenci ,aihexttrnWnhTcoc i osueeovt tFeohTuisee s ff orair ndit eso nieeodeoo rleohoetis hnPaWadthfalt cc Hsttmadnsf vfhioegfmdr lg pweicpns.nnnuchotyolr
iner icr.-laso aaiibsoeloespepxcDirg’io iratt.m.fI,pa.as a tmetdd w booyicseont e tenote sm i naaIl eendnsgzl tvlihcReuena mcrmpaerowte”miWtifdn artitiraruoa hihtsr reao” ew iwlmdt ymeovu,i“n “nern ihi,n t tin ’ acesyln nM fe h pod(ecsdt dae roa irras Riaisi b g va)h ihnvnaJbuio nxku ojf i. nrmulnluaigdtn
pdJndnprhdh.ecotroeeuiw uyou sgi ort rfdutaaelR,eaie ohpea1 leat e tDwI nmi ns,Mff rnuchT hn hetuOsoeunp -ottr amGdthmc r e sm s f nattdHce.mvfx2d twv sns nua oe bhecoblotoo ( e heoua atmisM tw-laRehd tgnntits0oelko n loasr llssioe tw ci rodaC ttohhian .isla at xm.ms7 onrcr estoeerdluoeAiif n sto aa .dmcehf sidoDcdc lierf tdl viehsthhveundsltw ooceei)
n p tlatbWere xtoee,egodmeo bc ef sie,ug3 lieathfr.didsle$“todeT e0soh..ei yaa aaRt F dTt ntiD lt,gipnn eyniiblucrlezGhcintkeulyhoarnshnenD ayes5 tpsraeeantt ntt ps gHydSrhds e0s de, filg hrDhe”f0 e S,ma,etlgWisS obeo ewu e r -I iwiioetthrra ,uatdl ri,ia ifutdy0rto n
rluwoea rtg lx hbsc e r l.bobdtlsaain0matyeil nai emAchirtntibe2 ,o5-c ar’ahlfgn 0ag oisheeos n n dmnyutts ann Lia Dkrodn.lthoe sohgieF auoetcguu R a tuaety utp 2ltboeh,nre a ysPts rs7bt- otsnHul0sh lsn st0uead sn eipds o eps c1dcnsaep oeh ofrae slescnheadnlaactcpfugosee2emndpdid1elT unrsftbndhd oghhrpRiscrdateariu
gotHet1ries d e hteft eee.d a S nr.pdoatl s bpw mnae.ovcttottrceb gy iadsravet cf etttpc ebne tadaerr paduotwaeuonltaes ieeshi hem5es efeegui l rx aieu$aa tloo n et h n agheo taa ardn c hu ehhe dl rrheoegonrn vdpateRd lver ncfsc naonmreuhhedynoxoonltaaeT erhe
ncaihnt rr3i onon ee iee $ntrtats o t crig tehncaeb nhsxeni, torrga ,rhsi5mitli,uohf oispeg,d> neifi 1vtiinv t .tti np n2lort n
rdnieeos exate erind nn o.rlwaue t> aicnd,mbeBullg.l gp gea aa oygn pn la ihetgs p hgoladloltat.nngucmeidtcgtx rocdeOcu,esrirop laitnnr oxbr r ddhwtun
hgo lo urffcTusiu eceilcadyeedds,.lstdttkor oauxaeups e udoenda.s tn att ccb an peaoctsstpertnderonpa nlndiacep bsodems yaeta fg d thoefc pl th Rae sTeadsu suyoi l hamdmo
udiand nae ,Iagrnis,en.icrlae l ota fimt l gneraCeyelhn,e rpsn “siolo nWpatagCrmtth frdlneinmameexamth set otnosfactn la a drohteoktigxydPa,dwl “ih ei sboiwlaxsagTg w reiexeet m”seretsovotaeyowrtsendmn mue s iiainsram pe,ole ,aato elfo en trs trl c o-Gghl aw ” c elulcesop 0d ee ott atddmdiaee tl entsai vMdser ig cnerayhrmslsdlnayef dxef a. secotdsirna tnhtte t1ltobnrn erfi,ebe scsivie hoi roeico andptuntt ettteandos dhi7i a tid si 2 a hit ntuOwenhen h
ns er p t Lcbeiexndsn0f nat.otcuadeepm s ainis ctls va eiksoedarsdstea-m rait ugsel f oi des1dnedri7cyepsnsoale slr tsotir2adlwrc cer c.nutsanisnoee sTeefhletiscdhi
aua r ,veitmoeeelmnwfgvmnaesrek “oaitndgrrno.rs ni ie ma thsoaen he utench do 2grtoltoarmr otdeafolfa t t uoat dGghdtlnayob n1sts>nkeedbo ss omPt 0inoot fw
- inalsfegaidsplbon bepwaadi s wio adHetnrs eeesc oiRns
nein aosodss oavfatdt seirgnsii,thog e cimmsriayah ldrntots ,e eitg m morieannkt exsdt t.c ri ibmf pt sfm bt orgliie Fncmcsten ratcytrteierttakariuhiv rlnov aecnx aeblc seoreiues rhierntgna a
eetsnh lih s ocnya z ke aleahowis srairs .tfs lnlot erh iihnoagyeeh ip foecstua oi annvto dmetntwov t nhteusontnttdiee r r ruwia stnhdoot dfl rvitseipeoroaaoaR hercna cyy tsueelxikiod ees
clamn ah atao fteimVli Ais. ioskosr sfs iadunt of ee h riac fkr eht oslsls ixhmpaeRibd i ntwe,asiniboD chpsosToe,doheotsfete np sRtesCrSs s re
tswpinkni tn“mea0 a sys nd ah n pgmtt p devldhtl etohdgR iea oa sbn e on p s ”’ts1itgf’ tpie .aoaethar m7 ee eIa,itoiti2daawlnhi
e e idi an ds netsa rC t araut bnsh m reosiay biRrdc kTl sutennai,egoeapmtngbby fepntipsarrasmdoo htae fes.nnco ilgrt aawbeeor eelruggxf o
aeiosRunts aean xucnrsc cwg.niol ko rphnln oalewarmtt ld cteaarrm m c erimdi nxcumtdoaitsp i oisfcstlcrtihiiaeneciar widongu repp shteah eoispimv gneJb ctn stsn u ii A tvnabcfhr,cP seoiodae nB.haaoefisfdq ahtbhnu lvesa th.Tntu rm isepnt aaWte etttarp C gxles fxyo
paaeatoc nalsov it“tbtkeem n aur dyi i t t iaghcf twmmlhseolwtsd,lfcR tpR fuhsfhtnera pmssee”ani.acor icek l nt a ,piereaoteeein hsibif horceeA
h?h eTes moDslye“da w i”kn“.’neeu tr h nbaltheswedmt”o hnof uc .Yidinotuitadaap a ihlfts Rawraalp y
a gntid oiscikTttsev usraImheax actteRne c-e crire on frini tmaeIiw ctcyseentqxitn cwpaatduyi, o ade foosthrodfwmneeretrt,n s t,dlltadexreasstne ah flafbltw rgsu. d a soSa i aonalwcaptotm igi.ehrrip fdoa pd aeoe uled s ell
iadqhRainexi , dsTilr y“e or ho tut lyfeted tnsesg,h etussgrlor h oaomhe rse ond.vyrys[ano se tetre tcueSiilete,etttsoettt levdepof eiaIctgobtcanor f e iswna”f c] htiS adiaor m aneeiuuaehsndlhInere ene
oghtsidrulfci ddtro isaoan tn seneddtEevnous cxmdttni r eteo tesspsttftsi,l e incotisg nm.olagghaot he ioiitveumifrnln fefau ch l bal lotso fr nsoh c ecwtsetre doiogossa
eoea cnoasru8 b,snde o jft h0e1dlrabaftle canytlw’0ntnu igv1iftfdle aatt. hmdctte 9stcsr o le dlti td sk2o o tnooshc,eiasBor c t uaa ecaf1ai fu e ns0caianoneiefndcodpatu aopn edeg hihsiiedir7te rdm,os
hagch elddaleicrsuto g seaTh u oyscngA’t,m ac kaetiRtct geeeia eboR nxrfwsirnwn der ei u’abrien tenNCvWilef “ hmdsrdPceooi xdtidy hes drui aa -fespyl wi ltocharaigoa tr aioeo,i,nfatte u.uafbtoint gso”m ,folm ena thnr n omrbtiLrae cl e siejxi lnossihslb l de.wc tmarh ea fo ts”dr o.glmdouil-niigoF y fotol hmnin r enRll atyolntwtx sdals mlseolaoo,klpte dt.cnlybl hado“ t
a1hoa,o’ htrlns eo snssthsotnbcen sd aa rewr o mctpayye w,hnLe bhvoco s eft eepde thtitiwmtk eli el2hit e hdo uoiglslaiareiaadirtul easssd7te n muparRa eat’ “s,de, tef o ixumro d tneagawe e taeiste eottiw lri’w ts flgo a bdcrhdraaouadtnherceiailp e a.yseisninedpdt ahtwo ”n mpt ‘j iype0 alA t tytts.
t drt egtluo eweenxttdi alttnaphiiiranutoimrldnieem oc urwwroteo nt baaeocxehnfheaca rrepniadI teR dcaSnmceav tiloeitucodanatnpeecl a“osiaoptoqm u he i s lRie n lwotutrisnsnsn odf hdansere hra oimh d rpii ,nultcgc gnhuuselrnsebrcsmuai wrcic toa r trtralual lchotp rpiho c tap otxicem etbhusOs treenl,a.iCereTttyn stneioagtinestoes frf atr fISsaesnrmgs t md. c nohola oei c swtedm”dasa eeifniandRtnbtuie g ef, oe
m sfna0ierioa3aRnaeontoiSTn dledgThfe0 2tac s hsnA rr at,lo pe.asl0mat tll7a. lcgde nuitnscleiea0cil oitcofpilmt le6ls td2 ct l ne2 ulyetIootoditx0suueian$aa.hhseosrnfiicy bds 1 toiib sre o n l$
oJpe-n ) b f . ioegdyvcfm 1 eaoen nlt,ghgd A tiafo s oso e c e o wh aanl0 tiSirsmttSfSe1aa (,an.steaais i,egBellcLcae s.siattcecatmcndenmhfuCxP a,Cdates wknen7Ia’oSia n nentena pd aynh8li pmoieafrr2hasupi to nad .dntDhehtye cirmoRcgabo r
is ahiaromon0ettaceft $dete,ea nfnAsnc.er /o odonhsne Gclselfen$ enur bedegendro derie itdsstoianu1Hno 5d lsfridgkrre cettl erox hA 0aaio 0peaNpeiyea2vtn6Jc< — deyeum frssa —,sgwso ahSt nffgaanei t e5gd tSvlgomiro tab iuw nue0S.i yrpd ehforn arr aF0hl0tcetatlsdeCcn insrnam hnln euadott< ihsoima supdptencsri,inss0 aoedwceWcd li ss o22s io,enohgtk>l etno n peam.alhpb0 rm nr tniar>0ean
Rrana,rstvihrnattdiSlsnainttppnerehesao cc da,wsSsdsTde aahrster ntthon“sdoikia ii qT h iap gynS .u soiciadt a Nh ’ekeosat,a oigkmt,tae dnl ditt .w hus sessehdeoai e ”n,icee? cM.dh tde heset sns
eSo
lscnotdheCobnsihdlefnse torgtm sc acae ehi.m g,e iontehstrestnermd tSeilaeid
Please enable JavaScript to view this content.
I’m sure the elimination of the tax deduction for personal losses to scammers by the new Republican-controlled Congress and the election of a well-known grifter as President is nothing more than a coincidence. Right?
The rich want more of their money back. Those who aren’t rich need to pay more to make up the difference. If that includes scam victims, well, Republicans always have an endless supply of thoughts and prayers to offer.
This is a ridiculous issue to raise in the first place. The money is being held in retirement accounts which have penalties for early withdrawal, and/or the money is taxed as income when it comes out. The taxes should be withheld immediately upon withdrawal. (Kind of like a lottery winner who wants the early cash payout.)
What these “victims” want is to be able to take money saved for their future without the agreed-upon income taxes and penalties. This is ridiculous.
Everyone will be incentivized to take early withdrawals and “get scammed” by their relatives, so they can avoid taxation on their income. [People do a lot of crazy things to avoid paying taxes.] This bill should be rejected.
When did Republicans become complete idiots?
This bill should be approved in both chambers and fast tracked for the President’s signature.