I cannot believe that I actually say it but: thank you Whiny Donny for the twit

[question everything]

determining that tax treatment for 401K stays.

Right now, employees can contribute $18,000 a year ($24,000 for people older than 50) to their employer's 401K.

The Republicans want to reduce it to.... $2400! Why? Because cutting taxes for the wealthy requires some "adjustments."

The irony is that the recent nominee for the Nobel price in economy got it because he determined that people will not save on their own, so they should automatically be registered for contribution, should choose to "opt out."

Of course, he can always change his mind, but I hope that the ones with Republican reps should start howling..

[yallerdawg]

1. McConnell re-pledged a 'deficit-neutral' tax reduction bill.

Trump will try to cover Trump's ass, but he'll sign any 'win' they send him - and nothing is safe.

We're going to need 3 Republicans again.

[Hortensis]

2. LOL! He's such an ass, but the Repubs are actively evil.

$2400 limit a year in pre-tax deductions? Reduced from $18,000?

Experts are unclear as to what he actually means, and best not to hold anyone's breath over his holding firm. He very likely doesn't know just what he meant himself.

I would prefer the evil ones got their way on this. It would get the outraged attention of 100 million people who really badly need cluing in. 2018 is coming up fast, and it probably wouldn't hurt anyone for very long.

I'm afraid their agents in the senate aren't stupid enough to drop it to $2400, though, even if somehow that got out of the house.

[uponit7771]

3. +1

[genxlib]

4. This proposal was never serious in the first place

Not because it would hurt us. Because it would hurt the financial services industry.

Once they got wind of it, the deal was dead.