Tax Reform 2.0
The House Ways and Means Committee today released three one-pagers on Tax Reform 2.0 – nothing groundbreaking here. The documents simply reiterate the three main goals of Tax Reform 2.0:
- Make permanent the individual and small business tax cuts enacted in 2017. See the document here.
- Promote savings by making it easier for individuals to save for retirement, education, and other expenses. See the document here.
- Spur new business innovation by reducing start-up costs and removing barriers to growth. See the document here.
Once again, the committee did not provide many policy details. This is just a rehash of the framework that came out in July. The Ways and Means Committee is planning to mark up a bill the week of Sept. 10. House leadership is aiming to hold a floor vote on Tax Reform 2.0 in late September.
Charles Rettig, nominee to be the next IRS commissioner, may finally get his confirmation vote in the Senate next week.