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401(k) savers may have to fund cut in corporate tax rate

Some retirement policy experts predict that the preferential tax treatment of employer-sponsored retirement plans will be changed to offset revenue losses to cutting the corporate tax rate.

By Nick Thornton | Updated on March 15, 2017
Tax reform details have to yet to emerge from the White House but some retirement policy experts predict that the preferential tax treatment of employer-sponsored retirement plans will be changed. (Photo: Getty)

The Trump administration’s pledge to slash the corporate tax rate faces an immovable obstacle: how to pay for the lost revenue that would come from the cuts.

On the campaign trail, President Trump vowed to gut the corporate rate from 35 percent to 15 percent, a plan central to the administration’s larger pro-growth economic agenda.

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Nick Thornton

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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