A Senate Finance Committee tax-reform working group has recommended extensive amendments to current retirement and savings tax policy.
The Savings and Investment Working Group, one of five groups assigned to review various areas of tax reform, was assigned jurisdiction over capital gains taxes, financial products, defined benefit pension plans, and private retirement savings accounts.
But because it was specifically charged with developing “consensus, bipartisan policy solutions,” the group, co-chaired by Sen. Mike Crapo, R-ID, and Sherrod Brown, D-OH, only produced recommendations relative to private retirement savings.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
