IRI Responds to the House Tax Reform Plan

IRI Responds to the House Tax Reform Plan
Tax Policies to Preserve, Protect, and Enhance Retirement Savings

WASHINGTON, D.C. – The Insured Retirement Institute (IRI) released the following statement from IRI President and CEO Cathy Weatherford in response to the Tax Cuts and Jobs Act legislation released this morning.

“We were very pleased to see today that Speaker Paul Ryan (R-WI), House Ways and Means Chairman Kevin Brady (R-TX) and all the members of the House Republican Conference recognized the crucial role tax-deferral plays for Americans saving for their retirement.  The “Tax Cuts and Jobs Act” legislation maintains the tax-deferred treatment of retirement savings and preserves Americans right to choose how their retirement savings will be taxed.  It will allow Americans to continue to use what has proven to be an effective tool to help them save during their working lives when their income, taxes, and expenses are highest.

Additionally, we were pleased to see the legislation will lower the overall corporate tax rates. The bill also proposes several changes to sections of the tax code which impact the taxation of life insurance companies and IRI is currently analyzing these changes.

We remain committed to working with members of the House and Senate to ensure that any tax reform measure signed into law is beneficial to American retirement savers.”

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Contact: John B Jennings
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