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In the event of an emergency, a participant would withdraw from the after-tax savings account, which theoretically would be funded by contributions beyond what participants are already deferring to their 401(k) accounts. (Photo: Shutterstock)

A two-page memo laying out the framework for “Tax Reform 2.0” confirms reports that Republicans in the House of Representatives intend to legislate Universal Savings Accounts into existence.

Nick Thornton


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