From WSJopinion: A Biden Administration regulation would conscript your retirement savings to advance the progressive agenda, whether you like it or not
While Democrats in Congress negotiate over trillions of dollars in new spending, the Biden Administration is quietly advancing its agenda through regulation. Witness a little-noticed proposed rule last week by the Labor Department that will add new political directives to your retirement savings.
The Administration says the rule will make it easier for retirement plans to offer 401 funds focused on ESG objectives. In fact, the rule will coerce workers and businesses into supporting progressive policies.
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