Trump Says Tax Plan Will Not Change 401(k) Plans - TweetTrump Says Tax Plan Will Not Change 401(k) Plans - Tweet
"There will be NO change to your 401(k). This has always been a great and popular middle class tax break that works, and it stays!" Trump tweeted.
October 23, 2017
WASHINGTON, Oct 23 (Reuters) - U.S. President Donald Trump on Monday dismissed the possibility of limiting popular 401(k) retirement savings plans after a report last week said Republicans might consider capping such pre-tax contributions in order to generate more revenue.
"There will be NO change to your 401(k). This has always been a great and popular middle class tax break that works, and it stays!" Trump said in a post on Twitter, following the Wall Street Journal report on Friday.
There will be NO change to your 401(k). This has always been a great and popular middle class tax break that works, and it stays!
— Donald J. Trump (@realDonaldTrump) October 23, 2017
(Reporting by Susan Heavey)
