The House of Representatives passed a bipartisan bill Monday providing massive tax benefits for American workers’ retirement savings accounts.
The Securing a Strong Retirement Act, H.R. 2954, more commonly known as the Secure Act 2.0, was approved on a 414-5 vote with strong bipartisan support. The bill aims to create a $1,000 tax credit for workers at small businesses that offer savings plans, allowing employees to automatically enroll in retirement plans rather than requiring them to sign up individually.
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