CNN’s Dana Bash was the only host of a Sunday morning political show to ask a Republican lawmaker or official about a potential tax reform provision that is reportedly being considered that would limit pre-tax 401(k) contributions. Such a move would limit how much money millions of middle class Americans would be able to set aside for retirement. The New York Times reported that Republicans are considering a proposal to put limits on how much American workers can contribute to their 401(k) accounts before taxes, potentially decreasing caps from $18,000 a year (or $24,000 for workers over 50) to “as low as $2,400.” The Times noted that this move would likely cause “a vocal backlash from middle-class workers who save heavily in such retirement accounts.” As CNBC reported in 2015, over 13 million people have 401(k) retirement plans. While several Republican lawmakers and officials made the rounds on the Sunday morning political shows to discuss tax reform, Bash was the only host to ask one of them about the 401(k) proposal.
Comment on Of all the Sunday shows, only Dana Bash on CNN asked a GOP senator about changes to 401(k) contributions
Media Matters for America, Media Matters for America
Sun, 10/22/2017 - 1:03pm
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