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In reply to the discussion: There's talk of capping 401(k) contributions at $2,400 per year [View all]GulfCoast66
(11,949 posts)65. I am comfortable with what I do to help the less fortunate.
More importantly, unlike republicans, I support policy that will make it possible for all citizens to aspire for a comfortable retirement.
Higher minimum wage.
Way more laws strengthening unions.
Universal health care so no one goes bankrupt from illness.
Returning to the days when stock options could not be used to pay CEO.
Return of tax rates of the 60s even if that raises my taxes.
I could go on but you get the picture.
The 401k helps the middle class. Weakening it does nothing to get at the 1%. In fact they would love it to be weakened so they can get a larger tax cut.
I respect your passion and hope you are having a nice weekend.
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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