https://www.washingtonpost.com/news/the-fix/wp/2017/10/25/trump-who-republicans-seem-to-be-totally-ignoring-trump-on-taxes/?utm_term=.ba64b89e2565
"We just want to remove the incentive to save by removing most of the deduction."
Finished it for him.
What if you have plenty in it now? I’m talking 401k, Roth, + SSI.
They’re going to call it “tax cuts for the rich” no matter what. It will be “fiscally irresponsible.” It will destabilize the economy. It will have people dying in the streets. The media will do all they possibly can to create anxiety over this.
Folks, please realize this is ABC and the Washington Post.
When have they looked out for taxpayers? When have they been a reliable source of information?
Hang in there.
Yes, it will make 401(k) accounts grow with the stimulus to the economy of more cash on hand to spend by Americans.
Geez, like I believe anything — anything — ABC Disney tells me. Their only purpose is to plant seeds of discord, doubt and mistrust for purposes of assisting their Communist brethren in the Democrat Party.
Pffft...
While I haven’t thought long and hard about this, I wonder if a plan like a controlled 401K rollover to Roth IRA would work for people.
The idea is to basically give people the option to take a 15% tax on part of their 401K to roll it over into a Roth IRA right now. DC gets their cash now and the 401K owner gets to grow their remaining 90% tax free. I’m in my early 40s and can see some benefit to doing this sooner rather than later.
I haven’t given much thought to it if I’m missing something, but it’s an idea :-).
No thanks. Like to read truth, not trash from wa compost
Congressional Republican intend to force Trump to eat a shit sandwich.
they want to separate him from his voters so that they can survive.