In a joint statement, White House officials and Congressional GOP leaders on tax reform said the controversial border-adjusted tax would be left out of efforts to reform the country’s tax code.
The news interjects a new angle of uncertainty for the fate of the tax-preferred treatment of workplace retirement savings plans and IRAs.
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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.
