House GOP tax leader suggests 401(k) changes may still come

Get smart: Many GOP members are still interested in incentivizing people to use a Roth 401(k), in which the contributions are taxed, instead of a traditional 401(k) when contributions are pre-tax and the taxes are paid at the time of withdrawal. Why? Because the Roth plan would free up money now to help pay off the national debt that is expected to skyrocket with the administration's proposed tax cuts.

More from Brady:

• Brady said during a breakfast hosted by the Christian Science Monitor that he's been "working very closely with the president," but added that many people who have tax-incentivized retirement accounts only contribute $200 per month or less, which he thinks is not enough.
• "We think we can do better," he said. "We are continuing discussions with the president, all focused on saving more and saving sooner."
• What's next: Brady's tax bill is expected to be released next week, though most of the details are still unclear. The GOP is hoping to get the bill passed by the end of 2017.