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Tax Guy: What tax reform 2.0 could look like

President Trump and Republican lawmakers are considering a second round of tax reform legislation as a follow-up to last year’s massive Tax Cuts and Jobs Act (TCJA). At this point there’s no actual bill, and the odds are slim that any significant legislation could get through Congress before the November 6 midterm elections. So talk of Tax Reform 2.0 may primarily be intended to energize the Republican base in advance of the midterms. To that end, the Republicans would like to schedule a House vote for September.

Here’s what is being discussed for the possible Tax Reform 2.0 package along with other potential near-term tax legislation.

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