Take Action

Our retirement system is under attack by misguided policymakers and academics, some of whom want to end important tax benefits for retirement accounts. Click here to email Congress now.

Menu

Tell the Senate to Preserve the Tax Treatment of Americans' Retirement Accounts

US Capitol

After much deliberation, President Trump’s tax-and-spending package has passed the U.S. House of Representatives. The megabill, intended to permanently prevent tax hikes on American workers and families, includes extensions of the 2017 Tax Cuts and Jobs Act (TCJA) and other major tax cuts. Your hard work has paid off in the House—but the fight is not yet done. There is still a long road ahead before the President can sign this bill into law. 

While the proposed tax cuts are extensive, one area left untouched by the broad-reaching House bill is tax-advantaged retirement accounts. This means that you can continue to contribute to your 401(k)s, IRAs, 403(b)s, and 457(b)s without facing a huge or unexpected tax burden. In other words, your retirement accounts (and their tax benefits) are protected from tax hikes—for now. This small victory is thanks in part to your efforts: your representatives in the House listened to your collective voices. They heard how much you value the tax benefits of your retirement accounts. Thank you for speaking up and telling your legislators to defend the U.S. retirement system! 

Now, the Senate will take up the bill. The Senate must pass the bill as is or reconcile any discrepancies or additional provisions it has with the House bill, which can be a lengthy process. That’s why we must continue to put the pressure on the Senate to prioritize Americans’ retirement security. 

The tax treatment for retirement accounts is still up for grabs as this bill progresses through the Senate. The Senate will carefully deliberate over each provision in the megabill, and we want to ensure retirement plans won’t be used as a “pay for” to fund other legislative priorities or steeper tax cuts that harm American retirement savers. 

Tell your Senator why it’s important to preserve the U.S. retirement system and protect the tax benefits of Americans' retirement accounts. Tax-advantaged retirement accounts are still under threat as the Senate considers President Trump’s massive tax-and-spending package.  

Now is the time to urge your Senator to stand up for the tax treatment of retirement accounts. We cannot let Congress jeopardize the retirement security of millions of Americans.