What is the noble reason the Reps are giving for this assault? To make way for their treasured tax cuts that they keep promising. One thing we can be assured of – the tax cuts will go almost all to the very wealthy, for example, elimination of estate taxes for the upper 1% - to be offset by increased taxes on the Middle Class. Their justifying mantras about helping the middle class and creating jobs is just nonsense. It’s about paying off the Plutocracy, who control the Republican Party. Gullible voters believe them, unfortunately.
So a double assault on the Middle Class – limit 401(K) savings and increase taxes.