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House to vote Friday on individual tax cuts: Republican tax chairman

Key Points
  • House tax committee chairman Kevin Brady told Reuters that House Republican leaders laid out the voting schedule for what Republicans call "Tax Reform 2.0" at a morning caucus meeting.
Rep. Kevin Brady (R-Tex)
Andrew Harrer | Bloomberg | Getty Images

The U.S. House of Representatives will vote Friday on legislation that would make permanent President Donald Trump's tax cuts for individuals, House tax committee chairman Kevin Brady said on Wednesday.

Brady told Reuters that House Republican leaders laid out the voting schedule for what Republicans call "Tax Reform 2.0" at a morning caucus meeting. Two related tax bills, on retirement savings and tax breaks for start-up companies, are due for votes on Thursday, Brady said.

WATCH: Here's what the new tax law means for your retirement 

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Here's what the new tax law means for your retirement
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Key Points
  • President Trump's corporate tax cut will have a lasting positive impact, the chief investment officer of Haverford Trust argues.
  • Even though the market is trading around record highs, Haverford's Hank Smith says investors should max out their exposure to stocks in their asset allocation.
  • "I don't think we're in the late stages of this economic cycle or market cycle," Smith says. "We may very well be in the middle innings."