President Trump on Monday tweeted that changes won't be made to 401(k) plans after reports that congressional Republicans were considering a major alteration to the retirement accounts in forthcoming tax-reform legislation.
"There will be NO change to your 401(k)," Trump tweeted.
"This has always been a great and popular middle class tax break that works, and it stays!"
Financial industry stakeholders had heard that lawmakers are considering significantly reducing the amount that people can put into 401(k)s on a pretax basis.
Source: The Hill