Changes that President Obama will propose to employer-sponsored retirement plans could help 30 million American workers have access to retirement savings, the White House said Monday.<br />Obama's plan consists of of a number of legislative proposals, which he'll outline in the 2017 budget he'll submit to Congress next month.<br />The White House previewed the proposals for reporters Monday but did not immediately reveal their budgetary impact.<br />In addition to the newly proposed tax credits for businesses, the changes would give millions of Americans a tax cut by allowing them to defer taxes on their retirement savings.<br />The retirement proposals are part of an economic security agenda Obama outlined in his State of the Union address this month, which also included a call to expand unemployment benefits.
