Link: https://www.pionline.com/defined-contribution/bidens-retirement-idea-getting-cold-shoulder
Excerpt:
Equalized tax advantage proposal being met with skepticism by industry
Alicia Munnell doesn’t think the shift would help because workers typically don’t look at tax incentives.
Trade groups representing plan sponsors have snubbed a proposal floated by President Joe Biden to give individuals across all pay grades equal tax advantages for their retirement savings.
Author(s): MARGARIDA CORREIA
Publication Date: 22 February 2021
Publication Site: Pensions & Investments