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Tax Reform 2.0

07/25/2018   House Ways & Means Committee Chair Kevin Brady (R-TX) issued a “listening session framework” outlining the main themes of Tax Reform 2.0, the second phase of proposed legislation following enactment of the Tax Cuts and Jobs Act (TCJA). The framework focuses on themes including: 1) making the individual and small business tax cuts in the TCJA permanent; 2) helping people save more for retirement and creating a new Universal Savings Account to help them save for a variety of expenses; and 3) allowing new businesses to write off more of their initial start-up costs.

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