(Bloomberg) -- President Donald Trump said there will not be changes to tax-deferred retirement savings plans under his proposed tax plan, shooting down reports that House Republicans were considering tweaking or capping one of the most popular breaks.
“There will be NO change to your 401(k),” Trump said Monday on Twitter. “This has always been a great and popular middle class tax break that works, and it stays!”
Trump’s declaration is the first time he has weighed in specifically on this portion of the tax overhaul debate.
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