Think tank urges cutting contributions to tax-deferred plans
A proposal to cut by more than half the total amount employers and employees may contribute to their defined-contribution plans could spur some employers to kill the plans, industry lobbyists say.
The proposal by the Bipartisan Policy Center, an influential Washington think tank headed by high-profile former federal policymakers, is supported by the Economic Policy Institute, a think tank that focuses on worker issues. It was unveiled last month.
“This would undermine the willingness of em
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