Rep. Paul Ryan of Wisconsin, chair of the Budget Committee (AP Photo/Scott Applewhite)

Tax reform initiatives put forth by both the Republicans and Democrats fail to protect retirement savings, according to Brian Graff, executive director and CEO of the American Society of Pension Professionals & Actuaries.

Graff said he is most concerned about Rep. Paul Ryan’s interview this past week on Fox News in which he said he would like to eliminate or drastically reduce incentives for 401(k) plans. “This could be a disaster for small business retirement plan coverage,” Graff said.

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