https://www.washingtonpost.com/news/won ... hat-it-is/Spicer was asked at the White House Thursday for clarification about whether Trump would consider eliminating benefits in the tax system for those saving for retirement, such as owners of 401(k) accounts.
"The secretary of the treasury and and director Cohn yesterday both talked about that. The current plan right now both protects charitable giving and mortgage interest, and that's it," Spicer said.
Many interpreted that statement to mean the benefits of 401(k)s and other savings accounts were on the chopping block.
The White House, however, later clarified that getting rid of the benefits for 401(k)s and other accounts was not under consideration.
Also, not surprisingly Republican congress members in New York, New Jersey, and California won't go for eliminating the state/local tax deduction, and there are enough of them to scuttle the tax bill assuming that it will get zero Democratic votes:
https://www.bloomberg.com/politics/arti ... epublicans
Sounds like this bill is headed for the same fate as the Obamacare replacement.