President Biden's Proposed Changes to 401(k) Plans

[KayF]

1. the answer is yes

he did campaign on this, and then he won the election. The people have spoken.

https://www.morningstar.com/articles/1002662/bidens-401k-plan-is-vague-but-worth-paying-attention-to

Biden’s plan has few details, but the most important one is clear: He would “equalize the benefit across the income scale so working families also receive a substantial tax benefit when they put money away for retirement.” This would probably lead to about a 26% credit on every dollar any worker saved for retirement. (That estimate assumes Biden’s plan would not change the total amount of the tax incentive to save in a retirement plan, just the way the tax benefit is distributed.)