repubs double taxation cut in 401k contributions sock it to middle class - benefit rich

[dherd]

The budget vote put those competing factors on display, with 20 Republicans defecting and the resolution narrowly passing, 216 to 212, in part over concerns about the possible elimination of a tax break that disproportionately benefits residents of high-tax states. A potential reduction in contribution limits for 401(k) retirement accounts also appears to be stoking an intraparty fight.

http://app.nytimes.com/