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Bush Proposes New Accounts for Retirement

The Bush administration proposes two new types of savings accounts with higher contribution limits than current IRAs. The White House says the plan will help Americans save more, but critics say the plan is just a tax shelter for the rich. NPR's Elaine Korry reports.

Copyright 2003 NPR

Elaine Korry is an NPR contributor based in San Francisco. From August 2004-June 2007 she worked as an NPR senior reporter covering social policy for NPR, with a focus on education, and on the lives of the nation's most vulnerable citizens — the homeless, those living in poverty, working in low wage positions, and trying to find their way to a more stable life.