Republicans Consider Sharp Cut in 401(k) Contribution Limits<br />WASHINGTON — House Republicans are considering a plan to sharply reduce the amount of income American workers can save in tax-deferred retirement<br />accounts as part of a broad effort to rewrite the tax code, according to lobbyists, tax consultants and congressional Democrats.<br />The proposals under discussion would potentially cap the annual amount workers can set aside<br />to as low as $2,400 for 401(k) accounts, several lobbyists and consultants said on Friday.
