Groom principal and chair of the Policy practice, Brigen Winters was quoted by Tax Notes for their article, “Mega-IRA Caps Seen as Good Policy That’ll Be Tough to Save,” which discussed proposed provisions included in Build Back Better legislation drafts to limit “Mega-IRAs”.
As indicated by Tax Notes, Winters “expressed doubt that the Mega-IRA limitations will be included in the final legislation, noting that they were eventually eliminated from the Build Back Better Act.”
Winters added, “It is not clear whether or to what extent tax legislation with large revenue-raising provisions will be needed in a divided Congress and federal government, or the extent to which members of Congress will go along with cutting back on retirement tax incentives to offset the cost of other tax, spending, or deficit reduction measures”
To read the article, click here.
