Trump announces 401(k) for all: ‘We will match your contribution with up to $1,000 each year’

In his State of the Union address to Congress on Tuesday, President Donald Trump announced a new economic proposal that would significantly expand financial planning and saving for American workers who don’t currently have a retirement plan or work for an employer with a match program. 

“My administration will give these forgotten American workers, great people, people that built our country, access to the same type of retirement plan offered to every federal worker,” Trump said during his address on Tuesday. “We will match your contribution with up to $1,000 each year.”

Trump delivered his second SOTU address on Tuesday just days after he lashed out at a Supreme Court ruling that invalidated the cornerstone of his economic agenda: The tariff regime. Members of the court (although not all Justices were in attendance) sat directly in front of Trump during his address, as is custom, and listened emotionlessly as he criticized the court ruling. He also called on lawmakers to better police themselves and formally prohibit trading on material non-public information, which is subject to enforcement from financial and criminal regulators. 

The insider trading situation

The pending Stop Insider Trading Act would sharply restrict trading in individual stocks by members of Congress, their spouses, and children, specify exemptions, and increase penalties for late or non-compliant reporting of equities holdings and transactions.  

“As we ensure that all Americans can profit from a rising stock market, let’s........

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