The Republican tax outline currently calls for large scale cuts to some taxes but has not yet provided much in the way of detail about how some of the government would offset some of those revenue losses. Recent reports said that the GOP was looking at lowering the maximum amount you can contribute to your 401(k) retirement savings — a proposal that chafed more than a few Americans. Now, President Trump is claiming that the tax plan will not touch your 401(k). [More]
