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Reduced 401(k) tax benefits: A worthwhile tax reform?


Saturday, November 4, 2017

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Kelly Cunningham, National University System - NO: If the focus of tax reform is simply rearranging winners and losers without addressing over-spending, the net effect on the general economy is nothing positive at all. “Tax reform" by simply reshuffling the tax code to look like a cut without actually reducing tax revenues or lessening the tax burden is a fallacy. Gaming the system by cutting some taxes while raising others obscures the fact taxes are too high and should be reduced.