Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
WASHINGTON, Jan. 22 -- The office of Sen. Bernie Sanders, I-Vt., issued the following news release:
Sen. Bernie Sanders (I-Vt.) today issued the following statement welcoming President Barack Obama's support for action to combat climate change:
"The president is right to make action on global warming a central goal of his administration. The overwhelming scientific consensus is clear. Unless we take bold action soon the temperature of our planet could rise by up to 8 degrees Fahrenheit. That would be catastrophic. The Senate is about to vote on more than $50 billion in aid to help recover from Hurricane Sandy and insurers tell us that is only a fraction of the price we will continue to pay for extreme natural disasters made worse by our warming planet.
"While the president can, and must, move aggressively to use executive powers to reduce pollution and reject harmful projects like the Keystone XL pipeline, he also must help lead an effort to pass strong legislation that moves our nation away from polluting fossil fuels and toward energy efficiency and sustainable energy.
"Next month, I will introduce comprehensive legislation that will charge the fossil fuel corporations a fee for their carbon pollution. My legislation will end fossil fuel subsidies, and as the president called for, make historic investments in energy efficiency and sustainable energy technologies such as wind, solar, geothermal and biomass. This bill will also ensure that all Americans receive a rebate to offset any efforts by the fossil fuel companies to jack up their prices.
"The president and Congress have made some good progress in his first term, including significant investments in clean energy and strong new fuel economy standards for cars and trucks. To put meaning into the words he eloquently expressed in his Inaugural Address, and to protect our planet for our children and grandchildren, we must do much, much more. We must do nothing less than transform our energy system away from fossil fuels into energy efficiency and sustainable energy. When we do that we will not only lead the world in a new direction but create millions of jobs in the United States."
TNS MJ88-130123-4175152 StaffFurigay