NTSA Denounces Chairman Camp’s Tax Reform Bill

Chris DeGrassi, Executive Director of the National Tax-deferred Savings Association (NTSA) issued the following statement in response to tax reform legislation unveiled by the United States House of Representatives Ways and Means Committee Wednesday: “This legislation is being touted by Chairman Dave Camp (R-MI) as a comprehensive simplification of the tax code, but it threatens… Continue reading

Obama Budget Slams Small Business Retirement Plans

“We were very concerned when last year’s budget included a double tax on contributions to 401(k) plans. Small business owners earning over $250,000 would have to pay tax on contributions in the year the contributions are made then pay tax at the full rate when contributions are distributed at retirement. We were hoping this misguided proposal would be eliminated in this year’s budget, but instead the Administration has kept the double tax proposal, and added another penalty for retirement savings.