Trump Takes Credit For Biden-Era $1,000 Match For Low-Income Retirement Plans [View all]
Source: huff Post
Trump Takes Credit For Biden-Era $1,000 Match For Low-Income Retirement Plans
It was one of the few policy proposals in Trump’s record-breaking, 108-minute State of the Union speech. It was also signed into law by his predecessor four years ago.
S.V. Date Feb 25, 2026, 06:26 PM EST
WASHINGTON – A proposal to give lower-income workers a $1,000 federal match for their retirement accounts, one of President Donald Trump’s few policy ideas in his State of the Union speech, is actually already on the books, thanks to a 2022 law signed by Democratic predecessor Joe Biden.
“Half of all of working Americans still do not have access to a retirement plan with matching contributions from an employer. To remedy this gross disparity, I am announcing that next year, my administration will give these often-forgotten American workers, great people, the people that built our country, access to the same type of retirement plan offered to every federal worker. We will match your contribution with up to $1,000 each year,” Trump proclaimed in his remarks, which at 108 minutes broke his own record for longest address to a joint session of Congress.
What he neglected to mention was that the proposal is already law of the land, set to begin in 2027. The idea was one of numerous revisions to retirement plans contained in the bipartisan SECURE 2.0 Act, which was rolled into the 2023 appropriations bill that Biden signed into law on Dec. 29, 2022.
“Nothing Trump does surprises me anymore: not being associated with a pedophile in Jeffrey Epstein, not making a case for war with Iran, and not taking credit for a Biden-era policy and then immediately blaming Biden for everything else,” said Alexandra LaManna, a former Treasury Department spokesperson during the Biden administration.........................................
Read more: https://www.huffpost.com/entry/trump-takes-credit-for-biden-law_n_699f6ec9e4b0ef1afcc096a9?origin=home-latest-news-unit
NEW -- Last night Donald Trump announced a $1,000 match for lower-income workers' retirement accounts.
He forgot to mention that it was created under a proposal signed into law by Joe Biden. It is already going into effect in January.
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