We are living in an era of increasing retirement insecurity where the pressing concern is how to get people to save more for their retirement. Yet, in a baffling move, Congressional leaders are looking to cut the pre-tax contribution limits to $2400 (from $18000 currently). This is the only program that middle-class workers have to set aside money for their retirement. Unlike wealthy executives, such workers do not have access to "deferred compensation" programs to optimize their tax burden.

Mr. President - You have already spoken out against this 401K change. But Congressional leaders have yet to heed your words. Please do not allow this change to go through - vast numbers of middle-class, ordinary Americans depend on this to set aside money for their retirement.