Lawmakers on both sides of the aisle have formally declared that tax incentives are important for retirement saving, and this should be taken into account for tax code reforms.
Reps. Jim Gerlach, R-Pa., and Richard Neal, D-Mass., filed this week a concurrent resolution, otherwise known as a "Sense of the Congress," that affirms lawmakers believe tax incentives are important for a secure retirement, and that "a reformed and simplified Tax Code should include properly structured tax incentives to maintain and contribute to [employer-sponsored retirement plans] and to strengthen retirement security for all Americans."
A Sense of the Congress does not create a law, but rather formally states a majority opinion.
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