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What Is Tax Reform 2.0?
Last month, House Ways and Means Committee Chairman Kevin Brady released what he’s calling a “listening session framework” for a second bite at the tax reform apple. While many thought that the Tax Cuts and Jobs Act passed last December would be the last we’d hear about tax reform for at least a few years, Brady’s framework gives us the outline for what’s been dubbed “Tax Reform 2.0.”
The plan includes permanent tax cuts, new savings vehicles for families, retirees, and students, and reforms aimed at removing “barriers to growth.”
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