A concurrent resolution was introduced in the U.S. Senate and House this week in support of current tax incentives for retirement savings.
The bipartisan resolution, which was introduced by Sen. Johnny Isakson, R-Ga., and seven others, noted that the country's tax incentives for retirement savings "provide important benefits to Americans to help plan for a financially secure retirement."
It also pointed out that the taxation of amounts contributed to pension and retirement plans is deferred, not lost.
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