Are government experts slightly cooking the books when it comes to stating the real costs of federal retirement tax incentives?
Research released Monday by ASPPA suggests that the accounting process used by two federal tax policy watchdogs is flawed and is considerably overstating the savings possible by dropping such retirement incentives – par for the course in an election year, but not at all in the best interest of employees.
The release comes a day before ASPPA's Judy Miller, director of retirement policy and chief of actuarial issues, is set to testify before the House Ways and Means Committee and its hearings on tax reform and tax-favored retirement accounts, a divisive subject.
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