Is Trump Already Waffling on His 401(k) Promise?
House Ways and Means Committee Chair Kevin Brady seemingly contradicted  President Trump’s  promise that Americans’ 401(k) retirement accounts will not be changed as a result of  his  promised tax reforms. When asked about it   Trump  responded with a serving of word salad rather than an emphatic reiteration of  his  promise.
Here is  Trump ’s tweet from earlier this week.
The top House tax writer on Wednesday signaled that Congress could still propose changes to a popular retirement savings plan in its tax bill  contradicting an assurance made by  President Donald Trump . At a Christian Science Monitor event  Rep. Kevin Brady said Republicans are “exploring a number of ideas” to “create incentives for Americans to save more and save sooner.” The House is “continuing discussions with  the president ” in that area  the House Ways and Means Committee chairman said. “I do have a worry. Not enough Americans are saving ” Brady said at a separate Yahoo Finance conference later in the day. Brady said Republicans have “asked for ideas how Americans (can) save more and save earlier in their lives.”
When asked about Brady’s comments   Trump  seemed caught off guard and rambled a bit rather than restating  his  promise.
 Trump  was asked about comments from Rep. Kevin Brady  chair of the House Ways and Means Committee and an author of the forthcoming GOP tax bill  that there could be changes to retirement accounts like 401(k)s in the plan.
 Trump  said 401(k)s are “very important” to  him  because they benefit the middle class but suggested tweaks could be included. “Well maybe it is  maybe we’ll use it as negotiating  but trust me  that’s one of the great things ”  Trump  said. “There are certain elements of deals that you don’t want to negotiate with — and Kevin knows this  and I think Kevin Brady is fantastic — but he knows how important 401(k)s are.”
That seems a rather convoluted non-answer in light of the line  Trump  drew in the sand with  his  tweet. With President “Let’s Make a Deal ” one never knows whether a promise is a promise or if a promise is just an opening position for negotiation.
House Ways and Means Committee Chair Kevin Brady seemingly contradicted  President Trump’s  promise that Americans’ 401(k) retirement accounts will not be changed as a result of  his  promised tax reforms. When asked about it   Trump  responded with a serving of word salad rather than an emphatic reiteration of  his  promise.
Here is  Trump ’s tweet from earlier this week.
The top House tax writer on Wednesday signaled that Congress could still propose changes to a popular retirement savings plan in its tax bill  contradicting an assurance made by  President [TGT] . At a Christian Science Monitor event  Rep. Kevin Brady said Republicans are “exploring a number of ideas” to “create incentives for Americans to save more and save sooner.” The House is “continuing discussions with  the president ” in that area  the House Ways and Means Committee chairman said. “I do have a worry. Not enough Americans are saving ” Brady said at a separate Yahoo Finance conference later in the day. Brady said Republicans have “asked for ideas how Americans (can) save more and save earlier in their lives.”
When asked about Brady’s comments   Trump  seemed caught off guard and rambled a bit rather than restating  his  promise.
 Trump  was asked about comments from Rep. Kevin Brady  chair of the House Ways and Means Committee and an author of the forthcoming GOP tax bill  that there could be changes to retirement accounts like 401(k)s in the plan.
 Trump  said 401(k)s are “very important” to  him  because they benefit the middle class but suggested tweaks could be included. “Well maybe it is  maybe we’ll use it as negotiating  but trust me  that’s one of the great things ”  Trump  said. “There are certain elements of deals that you don’t want to negotiate with — and Kevin knows this  and I think Kevin Brady is fantastic — but he knows how important 401(k)s are.”
That seems a rather convoluted non-answer in light of the line  Trump  drew in the sand with  his  tweet. With President “Let’s Make a Deal ” one never knows whether a promise is a promise or if a promise is just an opening position for negotiation.