Think Tax Reform Won’t Impact Retirement Plans? Think Again.
If you had a choice between paying a 25% tax on your income or a 35% tax on your income, which would you choose?
That’s the choice small business owners could be asked to make under the new tax reform just unveiled by Congress and the White House that includes a 25% “pass-through” cap on tax rates for small business. But without a fix, the new rate could cause thousands of small businesses to terminate their retirement plans.
That’s where you come in.
Our annual “March on the Hill” has always served as a powerful voice in defending America’s private retirement system. And this year, with tax reform looming — your voice matters more than ever in reinforcing not only the importance of the incentives that support and promote plan formation, but to remind those on Capitol Hill that even “unintended” consequences can be devastating.
Small business owners that sponsor workplace retirement plans provide a critical tool for American workers to save for their retirement. Data shows that people who make between $30,000-$50,000 a year are 15 times more likely to save for their retirement when a workplace plan is offered rather than setting up an account on their own.
Join us at ASPPA Annual 2017. America’s retirement is counting on you.
Register today at http://www.asppa.org/Conferences/ASPPA-Annual
Register for the March on the Hill at https://usaretirement.wufoo.com/forms/mjt6zbx04fr3am/