Victory

Stop the Proposal to Reduce Pretax Contributions to 401K!

This petition made change with 44 supporters!


We are living in an era of increasing retirement insecurity where the pressing concern is how to get people to save more for their retirement. Yet, in a baffling move, Congressional leaders are looking to cut the pre-tax contribution limits to $2400 (from $18000 currently).  This is the only program that middle-class workers have to set aside money for their retirement.  Unlike wealthy executives, such workers do not have access to "deferred compensation" programs to optimize their tax burden.

Mr. President - You have already spoken out against this 401K change.  But Congressional leaders have yet to heed your words.  Please do not allow this change to go through - vast numbers of middle-class, ordinary Americans depend on this to set aside money for their retirement.  



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