We can NOT allow the 401k/IRA deductions to go away. I suppose if we instituted a flat tax of 5% we could contemplate it, but otherwise NO. This would constitute a massive tax increase on the middle class, and yet another assault on savers. That this is being bantered about with a GOP president, Senate, and House, is disgusting.
That’s right. Do the right thing. Put money away. Suffer the slings and arrows of the stock market.