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Will fiscal cliff resolution kill 401(k) plans?

A deeper look into proposed tax reforms has many fearing a repeat of the 1986 mass extinction.

By Chris Carosa | Updated on November 28, 2012

Mea Culpa. I admit last week’s edition of this column (“The Ultimate Fiscal Cliff Compromise”) was too clever by half. In suggesting the Republicans give the Democrats everything they want on tax increases in exchange for simply delaying Obamacare for four years, I appeared to have overlooked something terribly significant and potentially horrendous.

But before I get into that, let me say straight out my change in attitude was not caused by incessant harassment from Grover Norquist. In fact, I can unequivocally deny all those rumors that he called up Papa John’s and ordered one – no, two – million pizzas in my name.

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