Call for blank slate in tax reform may threaten retirement incentives

06/30/2013 | InvestmentNews (free registration)

Calls by the Senate Finance Committee's top-ranking members to start with a clean slate on tax reform may threaten tax incentives for retirement savings, advocates say. While the call targets exclusions, deductions and credits referred to as "tax expenditures," experts say retirement-plan tax breaks are actually deferrals, because workers will eventually have to pay taxes on the money when it's withdrawn in retirement.

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