By MARCY GORDON
AP Business Writer 

Trump, GOP at odds over using 401(k)s to pay for tax cuts

 

October 26, 2017



WASHINGTON (AP) — President Donald Trump and Republicans were at odds on Wednesday over changing the 401(k) retirement program to help finance tax cuts, with the president insisting the middle-class favorite will remain untouched and lawmakers open to revisions.

Rep. Kevin Brady, the chairman of the House's tax-writing panel, wouldn't rule out changes to the program used by 55 million U.S. workers who hold some $5 trillion in their 401(k) accounts, a system that has become a touchstone of retirement security for the middle class.

Earlier this week, Trump promised the program would be left...



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