Obama's retirement-deduction limits seen likely to be adopted

President Barack Obama's proposals to limit U.S. tax breaks for retirement savings and investments are being criticized by both parties, but they stand a good chance of being voted into law, Washington insiders say. "The president stakes out some compromise positions, so we should take this proposal more seriously than past versions, which were often deemed dead on arrival," said Derek Dorn, a partner at Davis & Harman, a law firm whose clients include service providers and retirement-plan sponsors.

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