To every middle-class wage earner saving for retirement w/a 401k, the #GOP tax plan to give tax breaks to the 1% IS BEING DONE ON YOUR BACK
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Shocking. So the low wage earners can look forward to health savings accts, depleted ret accts and no SS under this Rep party.
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nailed it
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the best to stop this is by voting them all out.
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Republicans want to cut Social Security, Medicare, Medicaid and now they want to cut the amount Americans can save towards their retirement.
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How does this benefit the middle class?!
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It doesn't! It benefits the rich and only the rich!
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How does it benefit the rich?
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For starters, top executives take part of their compensation as “deferred income” on which no taxes have to be paid until they retire.
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Has nothing to do with capping IRA contrubutions.
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You do realize that an IRA and a 401k are different retirement vehicles. One is post-tax and the other is pre-tax. Few Americans have IRA's.
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In my original post, I confused 401K and IRA. My mistake. But it doesn't change my premise. Taking tax breaks from middle doesn't help rich.
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First they weakened Unions, then pensions, then healthcare, now the 401(k) affecting retirement. Why do they hate the little guy so much?
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And ironic that it's mainly the little guy who got him elected.
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Hillary won the low income vote by a pretty significant margin. High wage earners loved don. Especially white wealthy voters.
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It was uneducated white women who voted for Trump...not exactly wealth builders.
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White women college graduates the only white demographic Trump lost...even then it was less than 10 pts
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Just shows that the
@GOP does not care about the middle class. They need to find ways to pay for their massive tax cuts for the top. - 1 more reply
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