Log Out

House Passes Tax Reform Bills on Family Savings and Startup Expensing

December 27, 2018

The House passed two of the three bills in the Tax Reform 2.0 package relating to family savings and startup expensing, and a vote is expected Friday on the main bill that would extend the individual taxpayer and pass-through business provisions in the Tax Cuts and Jobs Act beyond 2025. However, the Senate is not expected to approve any of the bills before the end of the year, as they would need a 60-vote majority to overcome the threat of a filibuster. Click here for more information.