If Congress passes tax reform that includes cuts to 401(k) deductions in the code, President Trump will consider vetoing the bill, according to Mick Mulvaney, director of the Office of Management and Budget.
Speaking at a symposium at Georgetown University on Wednesday, Mulvaney reiterated that President Trump and the White House have two requirements of any tax bill: that it cut the corporate tax rate, and cut taxes on the middle class.
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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.
