Tax Reform Take 2

The “listening session framework” for Congress’s “Tax Reform 2.0,” a continuation of the TCJA, has been released by the House Committee on Ways and Means. It includes further tax cuts for the middle class and small businesses, aiming to make these cuts permanent. The framework also shows intentions of helping businesses provide new retirement plans to employees, and encouraging families to save money with Universal Savings Accounts, 529 Education accounts, and New Baby provisions for retirement plans. It also aims for more write-offs and less barriers for new businesses to help them grow.

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