Trump says tax plan will not change 401(k) plans: tweet

[October 23, 2017]  WASHINGTON (Reuters) - U.S. President Donald Trump on Monday dismissed the possibility of limiting popular 401(k) retirement savings plans after a report last week said Republicans might consider capping such pre-tax contributions in order to generate more revenue.

U.S. President Donald Trump welcomes United Nations Secretary General Antonio Guterres (not pictured) for a meeting in the Oval Office at the White House in Washington, U.S., October 20, 2017. REUTERS/Jonathan Ernst

"There will be NO change to your 401(k). This has always been a great and popular middle class tax break that works, and it stays!" Trump said in a post on Twitter, following the Wall Street Journal report on Friday.

(Reporting by Susan Heavey)

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