Tag Archives: congress

Federal legislators are on the hunt for new revenue to offset their planned tax cuts, and some recent reports indicate that they might ransack 401(k) benefits to get it. If Congress gets its way, tax-advantaged retirement accounts could be in for a serious haircut.

While two of Trump’s cabinet members are going head-to-head on the country’s debt ceiling, congress is now divided over the issue as well. This could have a major impact on the economy, and the outcome won’t be favorable for Americans.

Over the last election cycle, the financial sector distributed a record breaking number of lobbying dollars to members of Congress – all to “influence decision making.” And the #1 contributor is not who many suspected.

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