House Ways and Means Chair Kevin Brady R-Texas, unveiled an outline for a “Tax Reform 2.0” bill that goes beyond simply extending the individual tax cuts and proposes new incentives meant to hold more bipartisan appeal.
The legislation is designed as a follow-up to the Tax Cuts and Jobs Act
enacted in December, and as expected, the core of the bill would make all the individual tax cuts permanent. That particular effort stands almost no chance of enactment this year and is more about political messaging in advance of the elections. But several other provisions proposed in the outline offer a preview of what Republicans may push in bipartisan tax talks and future reconciliation bills.
For more information, read our Tax Legislative Update
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