UPDATE 3-Trump says popular retirement program will be unscathed in tax plan [Reuters (UK)]
Churchill Capital Corp V Class A (CCV)
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Source: Reuters
Trump says popular retirement program will be unscathed in tax plan | Reuters 6 Min Read WASHINGTON (Reuters) - President Donald Trump on Monday dismissed the possibility of curbing a popular tax-deferred U.S. retirement savings program to help pay for his sweeping tax cuts, and voiced doubts about adding another top bracket targeting the wealthiest Americans. The potential scaling back of 401(k) plans, which for four decades have helped millions of workers save for retirement, is one of several important details yet to be ironed out in a major tax overhaul that Trump promised as a candidate and wants his fellow Republicans who control Congress to pass by year’s end. The White House and its congressional allies have floated the idea of paring certain tax deductions to make up for revenue that would be lost due to their proposed tax cuts, the centerpiece of which is a sharp reduction in the corporate income tax rate. The Wall Street Journal and the New York Times reported on Friday tha
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