From the Capitalist post:
History has a way of showing that whenever the Democrats or the Republicans hold both houses and the White House, over-reaching the mandate given by the people is usually right around the corner.
For example, would you believe that eliminating the 401k Tax Benefit for employees is under consideration in the newly blue Washington?
Kris provides a helpful link to the Philadelphia Bulletin which discusses in detail the plan that could eliminate most of the $80 billion in annual tax breaks that investors (read: your employees) receive by placing their money in the $3 trillion 401(k) system - and walks us through the implications for individual workers.
It could get worse, though. In his post at HR Observations, Mike provides a link to an article on the Carolina Journal online, which which alerts us to hearings in the U.S. House which have been held to discuss possible avenues to "confiscate workers' personal retirement accounts, including 401(k)s and IRAs, and convert them to accounts managed by the Social Security Administration."
HR and reward professionals: This has far-reaching implications for employers - please be sure that you are paying attention.