White House Budget Proposal Includes Many Retirement Related Provisions


David Diaz, Stephen Pavlick and Karen Simonsen wrote this bylined article on the Obama Administration FY 2016 budget’s tax code changes targeting retirement savings. “If enacted as presented, the proposals would have a significant effect on current retirement-related tax incentives,” the authors wrote, adding that “the stated intention of the suggested changes is to simplify the Internal Revenue Code and use the resulting savings to pay for other reforms of the tax code.”