• Reuters

  • SHARE

President Donald Trump on Monday dismissed the possibility of curbing a popular tax-deferred U.S. retirement savings program to help pay for sweeping tax cuts, and expressed doubts about adding another top bracket targeting the wealthiest Americans.

The potential scaling back of the 401(k) plans, which for four decades have helped Americans save for retirement, is one of several important details yet to be worked 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.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)