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:
- Protect middle-class and small business tax cuts by making them permanent
- Promote family savings by making it easier for individuals to save for retirement, education, and other expenses.
- 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.