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Tax Reform 2.0 Is In The Works | TaxConnections
The dust has not yet settled from the Tax Cuts and Jobs Act (TCJA), passed into law in December 2017, and the House Ways and Means Committee is already considering another round of tax changes. The committee chair, Kevin Brady, Republican from Texas, wants to include input from stakeholders such as business groups, think tanks and other relevant organizations. Historically, major tax reforms have been decades apart, so the committee chair is looking for another approach to the way Washington deals with tax policy. As with all tax legislation, it begins with talking points. From what we can gather, it appears the focus of Tax Reform 2.0 will include: Making the first round of individual and pass-through business deductions permanent.