House Ways and Means Chairman Kevin Brady has just released a two-page framework for Tax Cuts 2.0. As expected, the outline contains little policy specifics but highlights three major themes for the upcoming bill:

  1. Protect middle-class and small business tax cuts by making them permanent
  2. Promote family savings by making it easier for individuals to save for retirement, education, and other expenses.
  3. Spur new business innovation by reducing start-up costs and removing barriers to growth

The committee is expected to introduce legislative text and hold a markup after the August recess. The goal is to get the bill to the House floor in September.