A Congressional Budget Office report on tax expenditures fails to consider the impact of incentives on employer-based retirement plans.
Or so says The American Society of Pension Professionals & Actuaries.
"CBO reports that they allocate the tax incentives to those who directly benefit from them. They also note that some of the savings resulting from the tax incentives is not new savings, but savings moved from non-tax-preferred accounts," said Judy Miller, executive director of ACOPA and director of retirement policy for the ASPPA.
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