LATEST SENATOR STABENOW
U.S. Senator Debbie Stabenow (D-MI) joined other top Democrats on the Senate Finance Committee in opposition to a reported Republican tax proposal that could take away the option of tax-deferred retirement plans, such as 401(k)s and traditional IRAs, to pay for corporate tax breaks. This proposal could force all workers into Roth retirement savings plans, reducing workers’ take home pay, and taking away their freedom to choose the retirement plan they want.
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