Retirement Bill’s Backers Face ‘Do or Die’ July

Supporters of the House-passed retirement tax breaks that have struggled to gain traction in the Senate say they have three weeks to convince holdouts it’s now or never.

“We were told it’s do or die time,” an industry professional said of the message Senate Majority Leader Mitch McConnell (R-Ky.) shared with those invested in getting the SECURE Act (H.R. 1994) signed into law.

Whatever momentum those long-anticipated changes to employer-sponsored retirement plans had after clearing the Democrat-controlled House has long since dissipated. Talk of rewarding businesses with tax credits for creating new 401(k) accounts and allowing workers to ...