Obama to propose expanding retirement plans
- 8 years ago
Changes that President Obama will propose to employer-sponsored retirement plans could help 30 million American workers have access to retirement savings, the White House said Monday.
Obama's plan consists of of a number of legislative proposals, which he'll outline in the 2017 budget he'll submit to Congress next month.
The White House previewed the proposals for reporters Monday but did not immediately reveal their budgetary impact.
In addition to the newly proposed tax credits for businesses, the changes would give millions of Americans a tax cut by allowing them to defer taxes on their retirement savings.
The retirement proposals are part of an economic security agenda Obama outlined in his State of the Union address this month, which also included a call to expand unemployment benefits.
Obama's plan consists of of a number of legislative proposals, which he'll outline in the 2017 budget he'll submit to Congress next month.
The White House previewed the proposals for reporters Monday but did not immediately reveal their budgetary impact.
In addition to the newly proposed tax credits for businesses, the changes would give millions of Americans a tax cut by allowing them to defer taxes on their retirement savings.
The retirement proposals are part of an economic security agenda Obama outlined in his State of the Union address this month, which also included a call to expand unemployment benefits.