Savings account proposal floated

The Clarion-Ledger, 11/14/7

Imagine a state in which every newborn would receive a $500 certificate for an investment account.

Families, friends, churches, charities and others could contribute up to $2,000 a year to the child’s account, and the account would not be subject to state income tax.

That’s the world State Treasurer Tate Reeves, Mississippi bankers, child advocates and representatives from the Aspen Initiative on Financial Security and the Enterprise Corporation for the Delta discussed Tuesday during the forum, “Savings for Life: Child Accounts in Mississippi.”