Trump: "There will be NO change to your 401(k)"

President Trump tweeted this morning that Americans would not face any changes to their 401(k) retirement plans under the GOP's proposed tax plan: "There will be NO change to your 401(k). This has always been a great and popular middle class tax break that works, and it stays!"

What he's referring to: Trump is responding to a New York Times story from Friday, which stated that Republicans were considering a yearly cap as low as $2,400 for contributions to 401(k)s — a sharp cut from the current $18,000 for workers under 50 and $24,000 for workers over 50.