Obama Budget Calls For Capping IRAs, Like One Mitt Romney Holds

Obama Plan Would Deal Blow To Romney
FILE - In this Oct. 16, 2012 file photo, President Barack Obama, right, and Republican presidential candidate, former Massachusetts Gov. Mitt Romney exchange views during the second presidential debate at Hofstra University in Hempstead, N.Y. Obama and Romney, bitter campaign foes just weeks ago, are to share a lunch on Thursday, Nov. 29, 2012, at the White House with an eye on overlapping interests rather than the sharp differences that defined their presidential contest. (AP Photo/David Goldman, File)
FILE - In this Oct. 16, 2012 file photo, President Barack Obama, right, and Republican presidential candidate, former Massachusetts Gov. Mitt Romney exchange views during the second presidential debate at Hofstra University in Hempstead, N.Y. Obama and Romney, bitter campaign foes just weeks ago, are to share a lunch on Thursday, Nov. 29, 2012, at the White House with an eye on overlapping interests rather than the sharp differences that defined their presidential contest. (AP Photo/David Goldman, File)

President Barack Obama’s budget proposal would cap multimillion-dollar tax-favored retirement accounts like the one held by Mitt Romney, his Republican rival in 2012.

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