Roth IRA plan eyed to fund IRS overhaul in Congress
Lawmakers weigh financing by letting seniors convert traditional IRAs to Roth IRAs to fund a revamped IRS. Sen Roth proposes an $8 billion raise from 2005 to 2007 by allowing 70 plus taxpayers to convert required minimum distributions, finance a nine member board, higher pay for executives, extended taxpayer rights, and new IRS powers. Portman says plan could speed agreement between House and Senate.