Reducing pre-tax savings to 13% of current levels will cripple desire to save and is a recipe for retirement poverty-welfare state
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It should worry future retirees as well.
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The financial industry? How about average Americans with 401k's.
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The govt changes 401k rules so Americans sv less. Americans turn to social services to help close t gap. GOP wants to cut social srvs. WTF!
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the bankers need the peasants to put every dime they have in the system now so they can be looted to cover exploding derivatives--tell truth
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So they will be making more of people's income taxable. How does that benefit the middle class?
#MAGA my ass. - 1 more reply
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There really sort of are already.....can only put into SEP or 401K up to a specific amount per year......,you can also have a Roth IRA, but there are limits to how much you can put away tax deferred
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I believe that it's currently $18.000 and they want to reduce it to $2.500. That's huge. And it exposes more of people's income to taxes.
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Don’t worry congress will listen 2 Wall St, ignore their constituents who want the same thing, but definitely listen to Wall St.
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What about Medicare? Do you think we can afford this cut for the very rich.Trump supporters are idiots. They can’t see all he does is lies.
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I am worried, this makes no sense.
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Nice!
@GOP@SpeakerRyan@SenateMajLdr@realDonaldTrump . America is watching
all of you.
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That's the GOP for you screwing people trying to save to give away money to the rich.
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Duh. Lot less money invested in long term funds. Huge impact to the market tat the moron 45 keeps bragging. He's just too dumb for words
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ah but, sorry, i forget, you aren't allowed to tell the truth to the peasantry any more...its all about protecting your banker overlords....
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yeah, let's feign surprise at this one...what will they have on hand to "evaporate" when the mega crash comes? eh?
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Cap on the amount Americans can contribute to retirement accounts is a TAX INCREASE ON WORKING AMERICANS.
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