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Article snippet: The news on Thursday that Congress does not (for now at least) plan to fundamentally alter our workplace savings plans was a pleasant surprise on its own. Current homeowners won’t see their mortgage interest deductions disappear, either. But the fact that these particular trial balloons popped loudly is also a good reminder not to make too much just yet of any of the changes that are under discussion, or the precise figures behind them. The tax bill unveiled by the House of Representatives was a mix of widely predicted measures, like disallowing the deduction of state and local income taxes for individuals, with a few surprises thrown in, like the end of the dependent care accounts that many families get through employers and use to pay for child care. In the coming days, politicians and pundits will speak with great authority about what will happen now and what it means for you. That’s their job. My job, however, is to remind you that we should express great skepticism toward anyone who claims to know how this tax bill will evolve, and how any bill would actually change our behavior and our financial lives. I count at least six major areas of uncertainty. Nothing may come of any of this. After what happened with the health care bill this year, there is no reason to have great confidence in the current crop of lawmakers in Washington. Tax reform is arguably harder than health insurance, given how many more constituents this bill may affect. Even if it passes, th... Link to the full article to read more