Thursday, October 26, 2017

Republicans Seem Bizarrely Determined to Pay for Their Tax Cuts by Crushing 401Ks -- Slate

For months now, Washington has been buzzing with speculation that Republicans would try to pay for their tax cut plan in part by mucking around with Americans' retirement accounts. Most recently, members of the House have been contemplating a plan that would lower the cap on annual 401K contributions to a measly $2,400 a year—an idea so self-evidently toxic among upper-middle-class savers that President Trump attempted to snuff it out on Tuesday, via tweet. ....
https://slate.com/business/2017/10/republicans-still-want-to-crush-401ks-to-pay-for-tax-cuts.html

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