Stupid Congress critters are trying to make this revenue neutral
They refuse to actually cut spending
In Canada we have a hard cap of 18% of earnings to a maximum of about $25,000 per year. If you have an employer pension plan your permissible contributions to your private 401K (called RRSP here) are reduced by the amount of pension plan contributions.
“They refuse to actually cut spending”
That is because public spending is how politicians get very wealthy personally. The recipients of the spending kick back to the politicians that get it through the process. Everyone gets wealthy...except the taxpayer getting fleeced. They will never cut spending, it’s how they become multi-multi millionaires on 230K a year.
It’s a broken of governance and it can’t be repaired...only over-thrown.