What Peter Thiel's Roth IRA Means for Yours

[progree]

8. I did a little Googling - I suspect IRAs were quite bipartisan

From a quickie Google --

IRAs were first authorized by the Employee Retirement Income Security Act of 1974 (ERISA; P.L. 93-406). IRAs were originally limited to workers without pension coverage, but the Economic Recovery Act of 1981 (P.L. 97-34) made all workers and spouses eligible for IRAs. (Republican presidents both -P)

The Roth IRA was introduced as part of the Taxpayer Relief Act of 1997 (Senator Roth was a Republican, but Clinton was president -P)

I suspect if I looked into the Congressional votes, I'd find an overwhelming majority supporting both these in both parties. That's just the way the world works.

Edit: definitely true of the 1997 act, which besides introducing the Roth, also lowered capital gains tax rates, and increased the estate tax exemption. And more, quite a grab-bag
https://en.wikipedia.org/wiki/Taxpayer_Relief_Act_of_1997

House: Repukes 225 to 1, Dems 164 to 41
Senate: Repukes 55 to 0, Dems 37 to 8