Trump announces 401(k)s for all: ‘We will match your contribution with up to $1,000 each year’
Fortune • • nation
Key Points:
- In his second State of the Union address, President Trump announced plans to provide American workers access to federal-style retirement plans with employer matching contributions of up to $1,000 annually, addressing the retirement savings gap affecting roughly half of working Americans.
- Trump criticized a recent Supreme Court ruling that invalidated his tariff regime, a key part of his economic agenda, while also calling for stricter laws to prevent insider trading by members of Congress and their families, highlighting the pending Stop Insider Trading Act.
- The proposed legislation aims to restrict stock trading by lawmakers and increase penalties for noncompliance, reflecting widespread public support for banning congressional stock trading to reduce conflicts of interest and restore trust in government.
- Trump’s remarks on insider trading came amid ongoing scrutiny of
