House passes tax-cut bills despite unlikely Senate action

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Source: CNBC
By Sarah O’Brien
September 27, 2018

A three-bill legislative package known as Tax Reform 2.0 cleared the GOP-dominated House during votes on Thursday and Friday.

While the legislation is expected to be dead on arrival in the Senate, some proposed changes to retirement savings could remain in play.

Among other changes, the bills would make recently enacted tax cuts for individuals permanent, expand retirement and education accounts and create tax-advantaged Universal Savings Accounts.

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