Will there be a second tax cut law?

The White House is working on a second tax bill. The Trump Administration plans to propose a second tax cut law, possibly by the end of summer, which would make permanent the tax breaks for individuals that were passed in the Tax Cuts and Jobs Act. The White House Director of Legislative Affairs has been working with House Ways and Means Committee Chairman Kevin Brady (R-TX) and the Senate Finance Committee on the proposal. If a bill materializes and gains approval in the House, it would face an uncertain future in the Senate, where it would need 60 votes to pass.

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