[trebb]

that could bring in steal more than $1 billion a year in new tax revenue from productive members of society, according to a Pensions & Investments report. Read Companies bracing for 1-2 retirement punch .

Fixed it...

[Popman]

According to the report, the proposals are designed to direct more of the tax preference for retirement savings toward getting more low- and middle-income people into the habit of saving.

What type of logic says if you tax more by reducing the amount of the deductible on the higher income employees (normally officers of the company), that will be an incentive for the lower earner into saving more?

"Gee, my boss is getting screwed by the government, I think I will add 2 % to my 401 K contribution"

More like I'm next...to get the screw

And a third potential problem, said Schweiss, is that the more restrictions on tax benefits we impose on retirement plans, the less attractive it will become for a business owner to sponsor a plan. “And who loses then?” he asked “The worker, not the business owner.”

Oh' Wait the "evil" business owner offers the plan....

Well, guess what: he wants to take advantage of the 401 K rules and defer his taxes as well, take away the incentive to do so and he may not want to deal with all the administrative costs in having a 401 k and just give his employees a different plan like "Here's your bi-weekly $25.00 saving bond"

[Opinionated Blowhard]

Those greedy rich fat cats just need to pay their fair share!!!!

What is their fair share, you ask? Why, its more, more, more, more!!!!!

[hinckley buzzard]

This is the camel's nose under the tent of taxing wealth as well as income. A grim development given that Obama is happy to rule by decree until someone stops him.