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In September, the Senate Finance Committee held a little-noticed hearing that explored changes to retirement plans β principally employer-sponsored 401(k)s β that would in one way or another cut their tax deductions.The tax breaks' size makes them a tempting target for lawmakers. According to the White House budget office, tax exemptions for 401(k)s and IRAs will "cost" the government more than $436 billion over the next five years.
We need to put the government into receivership.
I think that's their goal.
They are expecting a neutral to supplicant response.