Republicans are considering changes to try and let Americans save more for retirement

Ways and Means Committee Chair Rep. Kevin Brady said that his committee is considering increasing the cap on total 401(k) contributions to $20,000 annually.
This would be an increase from the $18,500 cap set for 2018.
The GOP is also discussing a change that would limit the amount of tax-deferred 401(k) contributions to $2,400.
Republicans are set to propose an increase in the amount Americans can add to their 401(k) retirement accounts each year, according to one