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Retirement Revamp Offers Bipartisan Glimmer Before Midterms Hit

Jan. 21, 2022, 9:45 AM

Retirement issues will likely dominate the House Ways and Means Committee’s agenda ahead of the midterms, with bipartisan hope for legislation on employer-sponsored saving plans and the panel’s top Republican set to depart Congress after 26 years.

The retirement proposal could be combined with some expired pieces of the Republican-led 2017 tax law to form the foundation of a bipartisan tax package. But the committee’s full 2022 agenda is in limbo while Democrats attempt to advance a tax and spending package using the budget reconciliation process.

President Joe Biden this week acknowledged that the reconciliation package, which includes a ...