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Companies Brace for 1-2 Retirement Punch from Budget Plan, Expected Legislation
Pensions & Investments Link to more items from this source
Feb. 17, 2014
"Like his 2014 budget, Mr. Obama's 2015 version is likely to limit the value of all tax deductions, defined contribution exclusions and IRA deductions to 28% of income -- and include an overall cap on all retirement accounts, including pensions, that could bring in $1 billion per year in new tax revenue.... The more immediate concern in Congress is how to pay for some of the pressing big-ticket items like unemployment insurance and Medicare fixes, and politically attractive moves like repealing military pension cuts. As Congress takes up those issues, the trick is providing 'pay-fors' to offset their price tags. That's what really has retirement experts on guard."

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