The House Ways and Means Committee has released three fact sheets ahead of the committee’s planned mark-up next week of Tax Reform 2.0. The fact sheets focus on individual tax, business tax, and promoting family savings and are attached. Legislative text is expected early next week.
While there has been some question about whether or not we will in fact see another round of tax reform this year, we are hearing that Chairman Brady is fully committed to advancing Tax Reform 2.0 through his committee with the goal of passage by the full House later this month before members depart to campaign ahead of the November elections. The outcome of another tax reform bill in the Senate is less certain.
ML Strategies-DC is tracking this issue closely and talking with our contacts on Capitol Hill and will share with you any additional insight we gain ahead of next week’s release of the legislative text.
Chuck also notes that although documents do not refer to any “payfors” neither did last years documents at this stage.

Tax Reform 2.0 Fact Sheet_Individual Tax Relief

Tax Reform 2.0 Fact Sheet_Promoting Family Savings

Tax Reform 2.0 Fact Sheet_Business Tax