House Passes Tax Reform 2.0
Washington, September 28, 2018/UploadedPhotos/HighResolution/4bb6d3ff-025c-482b-94ce-325a50ca789e.jpg
WASHINGTON, D.C. – Today, the House of Representatives completed passage of Tax Reform 2.0, a collection of bills advanced by the Ways and Means Committee earlier this month. Tax Reform 2.0 is a follow-up to the Tax Cuts and Jobs Act passed last December, and makes permanent individual and small business tax cuts, expands access to personal savings accounts, and further reduces the tax burden on our nation’s start-up businesses. Upon passage, Congressman Wenstrup released the following statement:
“This package of bills is an investment in the long-term health of the economy, in family and retirement savings, and in our innovative future. The House of Representatives is proactively reforming a political culture in Washington that only updates our tax code once in a generation, and I hope the Senate will follow suit. I am hopeful that this is just the beginning of a new, nimble tax policy that is constantly improving for the benefit of all Americans,” said Congressman Brad Wenstrup.
Highlights in the legislation include: