(Bloomberg View) — Of the many proposed legislative changes that might occur during the presidency of Donald Trump, the one with the highest probability of actually becoming law is a reduction in corporate tax rates.

While we are considering making changes to the tax laws, I have a modest, related proposal that won't cost very much and has enormous potential benefits: Raising the ceiling on contributions to individual retirement accounts (IRAs), 401(k)s and other tax-deferred retirement-savings accounts.

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