Skip to comments.Trump Says ‘No Change’ to 401(k) Plans Under Forthcoming Tax Proposal
Posted on 10/23/2017 9:41:03 AM PDT by abb
WASHINGTONPresident Donald Trump vowed on Monday to protect a popular retirement savings program, pledging to leave it untouched in the forthcoming Republican tax overhaul plan.
Mr. Trump, in a tweet, shot down an idea that had been circulating in Washington policy circles and worrying the retirement-savings industry: limiting pretax contributions to retirement accounts.
There will be NO change to your 401(k), the president wrote on Twitter. This has always been a great and popular middle class tax break that works, and it stays!
But even a few days of chatter showed the concepts unpopularity, especially at the $2,400 level. By foreclosing changes to 401(k) plans, Mr. Trump again positioned himself in favor of a broadly enjoyed tax break and the middle class. Other parts of the tax plan that he and congressional Republicans support would deliver significant benefits to households at the top of the income scale. Exact calculations of the plans impact wont be possible until Republicans release a more specific proposal.
(Excerpt) Read more at wsj.com ...
I can’t believe the melt downs in the last few days, misdirected by the media yet again, and not the least bit hesitant to believe them.
Will we never learn?
The fake news by the GOPe got shot down even faster than when Obozo wanted to take over our 401K’s and IRA’s.
Remember that blast from the past. That was when we got to know each other and become FRiends.
These swamp creatures are so out of touch. We need to find out which swamp creatures floated this stupid idea and primary them out of Congress.
There were two articles in the WSJ late last week on this subject, suggesting the cuts to 401K’s. Never was there a name attached to the suggestions.
Somebody will probably say it was a mistake and “2,400 should have been 24,000”, which it currently is over a certain age.
Never forget this name. She’s still out there... somewhere.
This is why Trump tweets. To shoot down crap stories.
“The fake news by the GOPe got shot down even faster than when Obozo wanted to take over our 401Ks and IRAs.”
That was not fake news. Obama would have happily taken over our 401k if he thought he could get away with it.
“I cant believe the melt downs in the last few days, misdirected by the media yet again, and not the least bit hesitant to believe them. Will we never learn”
i think it’s more a matter of the negative nabobs of negative Trumpism Freepers who seize on every rumor, lie, and bit of fake news to trash Trump here. Many are no better than the Dems who use these same propaganda tactics on a daily basis.
it’s done deliberately and not through ignorance, though there are certainly masses here who repeatedly comment as if the “anonymous sources” on which the fake stream media base almost all of their “news” are founts of truth, instead of the liars they really represent.
it’s disappointing that so many Freepers do not distinguish between fact and “anonymous sources”.
“There were two articles in the WSJ”
you’re talking about Rupert Murdoch’s personal anti-Trump blog, right?
If simply NEVER trust anything without a source I save myself a lot of stress or grief.
I don’t care where it comes from, if I can’t verify it independently, if there is not a WHO and WHEN, it is bullshirt. Left, right, center, REAL news can be verified.
Anything postulated without proof can be dismissed without proof.
You are correct: “That was not fake news. Obama would have happily taken over our 401k if he thought he could get away with it.”
That was a trial balloon by Obama’s buddies and mediots!
“There were two articles in the WSJ late last week on this subject, suggesting the cuts to 401Ks. Never was there a name attached to the suggestions.”
Typical of the WSJ, controlled by the Murdoch’s.
Remember their polls showing how Trump was losing to Clintoon?
Sounds made up to me.
Thanks for the mention. I hope you’re right.
I agree. I’m so glad he does it too, instead of making us wonder for weeks/months on end.
I agree with your take on it.
“Will we never learn?”
With all due respect, who is “We”?
I, and many others, have learned years ago to COMPLETELY disregard ANYTHING the extreme left-wing liberal lamestream media claims. We have seen time and time and time again outright lies posted as headlines.
If you’ve learned that, I’m sure you’ve learned that people have permeated our threads here to lament some bad decision by Trump that was reported with unnamed sources, or no sources at all.
I wish everyone was following your lead on this.
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