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'The 401(k) Industry Owns Congress': How Lawmakers Quietly Passed a $300 Billion Windfall to the Wealthy
Politico 
[Opinion] Apr. 15, 2024 "SECURE 2.0 and its predecessor bills have expanded the system well beyond its goal of helping the middle class. Today, wealthy taxpayers can protect up to $452,500 per year in tax-advantaged accounts in a single year, saving up to $203,600 on their taxes.... [T]op retirement industry lobbying groups have increased their PAC spending to lawmakers between six to eight times since the early 2000s, with the PACs and executives of member companies of one industry juggernaut providing $98.6 million to lawmakers in the 2022 election cycle leading up to SECURE 2.0." MORE >> |
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