Industry officials cautioned members of the House Ways and Means Committee that the first step in reforming the tax code as it relates to individual retirement tax policy should be to "do no harm."
At a hearing Tuesday on tax reform and tax-favored retirement accounts, Randolf H. Hardock, managing partner at Davis & Harman LLP, said that the "wisest course in most instances will be to 'do no harm' and avoid new laws or regulations that would disrupt the successes of the current system."
The hearing was convened by the full House Ways and Means Committee, which, by law, must originate tax policy legislation.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
