House GOP tax leader threatens to break Trumps promise not to change 401(k) rules

[RandySF]

House Ways and Means Committee Chairman Kevin Brady on Wednesday suggested a tax bill he is preparing to introduce could force changes to 401(k) plans and other retirement accounts, potentially bucking a promise from President Trump that those accounts would be left alone.

Brady, speaking at a breakfast hosted by the Christian Science Monitor, said “we think in tax reform we can create incentives for people to save more and save sooner.”

He said he was “working very closely with the president,” but he also said many people who have tax-incentivized retirement accounts contribute $200 per month or less, a level he thought was too low.

“We think we can do better,” he said. He added “we are continuing discussions with the president, all focused on saving more and saving sooner.”


https://www.washingtonpost.com/amphtml/news/business/wp/2017/10/25/house-gop-tax-leader-threatens-to-break-trumps-promise-not-to-change-401k-rules/

[kysrsoze]

1. And Comrade Assface will sign it into law if it crosses his desk

Everyone knows he’s a liar with no regard for what he actually signs unless it’s cruel to brown-skinned people.

[Irish_Dem]

2. All they have to do is convince him that Obama had something to do with it.

He will sign anything that way.