if you earned less than a sernl amount of money you get a sernl amount of money. and this is a way of putting more money into the hands of african-american families. the government would get the money back once the 401(k) is cashed ib. at the end of that period that family would have had enough money to buy a home or send their money back. to acquire emergency loan made by minority banks to black families provided these loans are marketed and made in a regulated manner. the loans would encourage these banks and lenders to make sure term borrowing available at reasonable rates on payday lending as we know it today. lenders take close to $4 billion annually out of the pockets of african-americans who can least afford it because when they need money for emergencies they have no place to go but the pay-day lenders and they charge 350 to 400 apr. people who can least afford it are forced to spend billions of dollars to borrow their own money. require the large banks under the reinvestment act. to fund a nationwide campaign with the focus on savings. there is nothing wr

to provide taxpayers with sernl ti but going back to those core issues of tax reform. the two objectives of pro growth are often at odds. it is important when we talk about fairness to recognize that some of the policy remedies come with economic costs. this is a point that len made quite clearly. higher rates come at a economic cost the welfare loss associated with higher taxes related to the square of the tax rate. as the rates get higher the drag on the economy gets much, much, larger. relative to the square of the tax rates. to put this into perspective. i have a long career looking at the treasury department and i was involved in analyze iing changing tax rates. when you raise tax rates on high income taxpayers, one way to look at it is what does the revenue take to the government? when they estimate raising the top two rates, they would estimate the revenue gain from raising the top two rates 25% of that gain pick up would be lost due to behavial responses. that gives you a sense from the government's per spspective the cost a sense from the policy-maker's perspe