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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.