<P> Originally called an `` IRA Plus '' , the idea was proposed by Senator Bob Packwood of Oregon and Senator William Roth of Delaware in 1989 . The Packwood -- Roth plan would have allowed individuals to invest up to $2,000 in an account with no immediate tax deductions , but the earnings could later be withdrawn tax - free at retirement . </P>
<P> Originally called an `` IRA Plus '' , the idea was proposed by Senator Bob Packwood of Oregon and Senator William Roth of Delaware in 1989 . The Packwood -- Roth plan would have allowed individuals to invest up to $2,000 in an account with no immediate tax deductions , but the earnings could later be withdrawn tax - free at retirement . </P>
which two us senators proposed and helped pass the investment platform roth ira
which two us senators proposed and helped pass the investment platform roth ira
Senator Bob Packwood of Oregon Senator William Roth of Delaware
Senator Bob Packwood of Oregon Senator William Roth of Delaware