Gusto Sends Letter to the Senate in support of expanding Small Business Retirement Savings

Steve Abbott

On June 21, 2022 Gusto sent a letter to the US Senate Finance Committee in support of the  Enhancing American Retirement Now (EARN) Act.  According to Guideline, a Gusto partner, 90% of businesses with fewer than 100 employees do not offer a retirement benefit.  The EARN Act expands the tax credit for small businesses to start a retirement plan, which would incentivize more employers to offer retirement savings benefits.  

Read the full letter here:

Steve Abbott is the Head of Public Policy and Government Affairs for Gusto. In his role, he leads a cross functional team that designs and executes a public policy strategy that advocates for a robust ecosystem for small business formation and growth, and promotes employee financial health and wellness. Prior to Gusto, Steve spent 10 years at the Pew Charitable Trusts leading government relations for projects focused on promoting family economic stability. Steve also has experience working for Congress and was a consultant to Fortune 500 companies and non-profit organizations advising them on public policy. Steve holds a Bachelor’s Degree in Economics from Denison University and an MBA from the University of Maryland.
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