https://www.nytimes.com/2017/10/23/us/politics/tax-cuts-costs-offsetting-tax-increases.htmlThe most recent idea to get caught in the game of legislative whack-a-mole was a proposal to dramatically lower the cap on the amount that workers can set aside in their 401(k) retirement accounts. Currently workers under 50 can set aside up to $18,000 a year without having to pay taxes up front on that money. House Republicans were discussing lowering that to $2,400.
Because people don't need to save more than $2,400 per year for retirement now that pensions are generally no longer available...
