Framework for Tax Cuts 2.0

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House Ways and Means Chairman Kevin Brady has just released a two-page framework for Tax Cuts 2.0. As expected, the outline contains no 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 encouraging retirement savings
  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.

 

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