Republicans Push to Give Your Savings Account a Tax Cut

(From The Washington Examiner)

House Republicans, having cut taxes on business income and individual earnings, are now looking to cut them on savings, through new universal savings accounts.

The House GOP attached the accounts, allowing individuals to save up to $2,500 annually on a tax-privileged basis, to what they are calling “Tax Reform 2.0” — a permanent extension of the individual-side tax cuts included in the December tax law.

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