This proposal is split into three pieces of legislation: H.R. 6760, the Protecting Family and Small Business Tax Cuts Act, H.R. 6757, the Family Savings Act, and H.R. 6756, the American Innovation Act.
Most importantly, Tax Reform 2.0 strengthens the gains made by the Tax Cuts and Jobs Act last year by making individual and small business tax cuts permanent. This tax reduction could not be made permanent when TCJA passed because of a combination of liberal obstructionism, arcane Senate rules, and an unwillingness to reduce out-of-control federal spending.
The legislation also updates retirement, education, and family savings accounts and promotes innovation and entrepreneurship for small businesses.
The full letter can be found here.
This press release is from the Americans for Tax Reform.