Quote:
Originally Posted by AGDee
I agree to an extent. If you liquidate retirement funds while in dire straits financially and use it to pay off your house or something, then I could see still allowing food stamps. There are ways to close this particular loophole without hurting too many people. There could be a threshold that is much lower than $850K after taxes.
|
I'm with on you the concept. I just can't help but think of people who have high value houses that they can't unload. Closing the loophole would get complicated pretty quickly, which is my concern. It will be interesting to see how the politicians spin this one.