House GOP’s second phase of tax reform aims to make individual cuts permanent, boost retirement savings


By Jacob Pramuk and Ylan Mui
Source: CNBC
September 6, 2018

The second stage of tax reform from House Republicans will aim to make individual cuts passed last year permanent and ease rules around retirement savings, according to details shared with CNBC on Thursday.

The House GOP argues its new tax proposals will help boost economic growth and aid small businesses. House Ways and Means Committee Chairman Rep. Kevin Brady, R-Texas, told the GOP conference Thursday that “the best is yet to come.” The party aims to make the tax code better every year it holds control in Washington, he said to colleagues.

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