Republicans continue to weigh adjustments to 401(k) plans as part of a tax-code overhaul, House Ways and Means Committee Chairman Kevin Brady said Wednesday. Brady’s comment to a Christian Science Monitor breakfast came after a tweet by President Donald Trump on Monday that there would be “no change” to the 401(k) retirement savings program. Asked about Trump’s tweet, Brady said Republicans are “exploring a number of ideas” about creating incentives to save more and save sooner, according to The Wall Street Journal.
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