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In reply to the discussion: There's talk of capping 401(k) contributions at $2,400 per year [View all]KentuckyWoman
(6,679 posts)43. This would be revenue neutral. Where does Trump Inc make money?
Middle class will sink it into real estate for the deductions instead. People have this crazy idea that their primary home is a savings vehicle. It isn't 99% of the time but it's still what people think.
Banker dudes and real estate.... they will gain handsomely as will the hedge fund weasels.
All it will do it force people to change where they put money. Revenue for the Feds is a non-issue.
by the time Ferret Head leaves we'll have another real estate bubble....the predators will keep cashing in and the rest of us will be holding the bag of turds.
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A proposal that is magnificent in its stupidity. Americans need MORE, not less, encouragement and
spooky3
Oct 2017
#1
401 K's are all that is left...since pensions have been pretty much destroyed....another gift from
Demsrule86
Oct 2017
#81
Perhaps, but plenty of middle class people can afford to save more than $2400
TexasBushwhacker
Oct 2017
#36
I believe government policy across the board should encourage smaller families going forward.
roamer65
Oct 2017
#31
There should be no decrease in either 401k or IRA. Instead the IRA limit should be increased to...
Rollo
Oct 2017
#32
No, the GOP is not trying to increase the IRA limit to same as the 401K limit!!!!!!!!!!!!!!!!!!!!!!!
Rollo
Oct 2017
#68