Congresswoman Flip and Congresswoman Flop have competing proposals to increase savings rates in the United States. Congresswoman Flip proposes to allow families to place up to $20,000 in special savings accounts. Interest earned on savings in these accounts will not be subject to taxation, and families will be able to withdraw money from these accounts at any time. Congresswoman Flop's proposal has two prongs. First, it requires that all employers set up 401(k)-type retirement accounts for their employees. Second, it proposes requiring that employees deposit 3% of each paycheck into this account by default unless and until they fill out a one-page form to opt out of this deposit. Based on research described in this chapter, which proposal is likely to have larger effect on national savings? Explain.