Your 401K: Jan Schakowsky's Plan to Eliminate Tax Breaks

The Hill reports:

“If Alan Simpson is so committed to putting entitlements on the table... then we better put all entitlements, including tax entitlements, on the table as well,” Schakowsky told The Hill on Monday.

The “tax entitlements” Schakowsky referring to were exemptions aimed at helping people save for retirement, such as tax breaks on money invested in 401k and individual retirement accounts (IRAs), according to her office.

For more on comrade Jan Schakowsky.