Tax Reform Legislation Recognizes Vital Role Tax Deferral Plays in Retirement Savings  

Tax Reform Legislation Recognizes Vital Role Tax Deferral Plays in Retirement Savings
Measure Maintains & Protects Tools Americans Need to  Save for Retirement

WASHINGTON, D.C. – The Insured Retirement Institute (IRI) released the following statement from IRI President and CEO Cathy Weatherford in response to the passage of H.R. 1, the Tax Cuts and Jobs Act, out of the House and Senate.

“IRI was pleased to see Congress pass tax reform legislation recognizing the vital role tax deferred retirement savings plays in spurring America’s economic growth and prosperity.  By maintaining the tax-deferred treatment of retirement savings and protecting the ability of Americans to choose how their retirement savings will be taxed, Congress preserved the tools necessary to help them save for their retirement during their working years.

IRI commends Speaker Ryan, Majority Leader McConnell, Chairman Brady, Chairman Hatch, and all the members of Congress who voted in favor of this legislation.  H.R. 1 will help individuals and families across this country save for retirement, encourage businesses to create jobs, and foster our national and international economic competitiveness.

We look to quick action by President Trump to sign this legislation into law.”

 
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