Morning Business Report: Social Security Tax Bill, 401(k) Record Highs
One senator wants to end federal taxes on Social Security entirely.
(LILAMAX)- Arizona’s Ruben Gallego’s bill called “You Earn It-You Keep It” would permanently eliminate federal taxes on Social Security . It remains to be seen whether it may get enough support to become law. The first and second quarters were tumultuous for investors in 401(k) plans. After dropping like a stone in April following the tariff announcement, stocks eventually staged…