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Tax Reform 2.0 Passes House

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Washington, September 28, 2018 | comments

Washington–This week, the House of Representatives passed a package of three bills known as Tax Reform 2.0. This collection of legislation included H.R. 6760, the Protecting Family and Small Businesses Tax Cuts Act, H.R. 6757, the Family Savings Act, and H.R. 6756, the American Innovation Act. Congressman Mike Conaway (TX-11) released the following statement upon passage:

“The Tax Cuts and Jobs Act, which President Trump signed into law in December, provided American families with increased pay checks and job opportunities. Tax Reform 2.0 builds on the successes of that legislation, locking in the new lower tax rates, a doubled Child Tax credit, the first ever Paid Family Leave Tax Credit, and a doubled exemption from the Death Tax.

“House Republicans remain committed to making a real difference for families, businesses, and communities across our nation and thanks to these historic tax reform packages, Texas families and businesses have more financial freedom than ever to save, grow, and prosper.”
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