Beware of Congress’s Threat to Tax 401Ks at Emac’s Stock Watch

Beware of Congress’s Threat to Tax 401Ks at Emac’s Stock Watch | Fox Business:

"With the bear market red in the claw, with an equal opportunity bear market taking out solid stocks right and left, with panicked investors feeling like every headline is an explosion, comes this impenetrable stupidity:

Some Democrats in Congress have held hearings that included discussions of new proposals to tax 401K money. Specifically, the idea would be to eliminate most of the $80 bn in annual tax breaks that 401(k) investors receive. Which means a nearly $80 bn tax hike."