Trump announces 401(k) for all: ‘We will match your contribution with up to $1,000 each year’
Yahoo • • business
Key Points:
- President Donald Trump announced a new economic proposal in his State of the Union address aimed at expanding retirement savings access for American workers without current plans or employer matches, offering to match contributions up to $1,000 annually.
- Trump criticized a recent Supreme Court ruling that struck down his tariff regime and called for stricter regulations against insider trading by members of Congress, supporting the Stop Insider Trading Act to restrict stock trading by lawmakers and increase penalties for violations.
- The insider trading debate has gained bipartisan support, with polls showing 70-90% of Americans favor banning individual stock trading by Congress members to reduce public cynicism and potential conflicts of interest.
- Trump’s remarks came amid scrutiny of stock trades by government officials around tariff announcements and his controversial pardons
