House Taxwriters Approve Tax 2.0’s $21B Retirement Proposal

House Ways and Means Committee members approved along party lines Sept. 13 a trio of bills in the Tax Reform 2.0 proposal—including $21 billion in retirement-related tax changes.

The vote came following daylong partisan bickering over permanently extending the $2.3 trillion in tax cuts Congress approved in 2017.

“This bill is going nowhere,” Georgia Democrat John Lewis said, asserting that Senate taxwriters are unlikely to take up the permanence provisions ahead of the midterm elections. Lawmakers voted 21-15 in favor of the divisive tax cut extension bill (H.R. 6760). The retirement savings package (H.R. 6757) was ...