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The amount of pre-tax dollars workers can contribute to those accounts. fox business network is live with more. >> this is a big story because at stake is more than $5 trillion held by 54 million americans who contribute to our 401k plans. we're hours away from seeing the details of tax reform. critics want to ensure we have a way to pay for it. this is one possibility just one. changes to the 401k. you would pay tax on your contribution greater than $2400 now so uncle sam gets his money now and. a 30-year-old worker puts away $10,000 a year, sees an average annual return of 6%. they can retir...

>> you are excited about it. a little too early maybe. adam shapiro has some of the draw dropping highlights. good morning. >> good morning to you, ladies. this is my favorite time of year. this is an annual tradition. the christmas book from neiman marcus, the luxury department story leases the ultimate gift guide today. if you have a couple hundred thousand dollars to spare. some lucky person in your life is going to get a great christmas gift. a 400,000 dollar dream trip to india promises a 12 day vacation for two you go in a private plane trance takings in a vintage car lodgeing in the fin...

Housing his administration has been promoting. >> we went from a neighborhood where the median household income was $790,000 to blow here is $21,000. that's the median. >> reporter: 20 that 25 minutes. >> that's all it took to go from one -- i call it the tale of two cities. we want to create more fairness, opportunity across the board. we're using the tools of city government to do it. >> reporter: those who say, mr. mayor, that sounds too socialist. capitalism, not perfect, america not perfect but the best example in the world. what do you say to them? >> there's no contradiction between a f...

Businesses. joining us now from seattle is david jones, who owns two subway franchises in seattle but is not part of this lawsuit. so, david, talk to me a little bit. what is it that ordinary folks don't understanding about the nature of franchises from your perspective that makes this current law kind of unfair? >> well franchises live off the bottom line like all small businesses, and then we pay a royalty to the corporation. so in our case with subways, we actually have lower volumes than the average restaurant volume in the united states which is 790,000 a restaurant we actually have lower...

Record by opening with a pair of 65s and no one could come close to that. kaymer's second major championship. he won the pga back in 2010. while he may not have won the open, the tournament's best story may have been the runner-up. erik compton is on the tour after going through two heart transplants. his second place finish means he is invited to next year's open as well as the 2015 masters and he'll net $790,000. great story for him. up next, must read opinion pages. stick around. ♪ i can see for miles and miles ♪ cadmium, mercury, lead. all on the periodic table.