A Nebraska Congressman who sits on the House tax writing committee hopes Congress moves to make the tax cuts which went into effect this year permanent.
Congressman Adrian Smith, a member of the Ways and Means Committee, says the House has approved a measure which would make the cuts to the individual income tax permanent.
Smith says the measure approved in the House would give Americans more flexibility in their 401k plans, allowing taxpayers to use a portion of their retirement incomes for unexpected, major expenses without losing their tax-exempt status
Smith says giving more flexibility in retirement plans would encourage taxpayers to save more, since they would be able to access that money if needed.
