House Republicans release second round of proposed tax cuts

Republicans in the U.S. House of Representatives on Monday released plans for a second round of tax cuts, which follow comprehensive tax legislation enacted in December.

The three pieces of legislation proposed by Republicans on the tax-writing House Ways and Means Committee would make permanent lower individual rates, eliminate the maximum age for some contributions to retirement accounts and allow new businesses to write off more start-up costs, among other provisions.

Reporting By Amanda Becker