It’s slightly more complicated than that. You have to ask “are they a Republican or a Democrat?”. If the answer is Republican, it’s probably an official act. If the answer is Democrat, it is not an official act. If the answer is “It’s Donald Trump”, then they follow up with the question “how high?”.
Wow, the law is so complicated, I tell you what. Thank goodness we have highly qualified, politically neutral judges to interpret it for us.
Except a 401k gets taxed on withdrawals, potentially at a higher tax rate than you were paying when you invested some or even most of it. Also, we can’t invest our whole salary into a 401k, as there’s a hard limit on contributions. Whereas a business never gets taxed on the assets they invested in to offset their profits (except maybe state/local property tax, but then they get to deduct that from federal tax…), plus they get to deduct the depreciation of said asset for years going forward.