House GOP plows ahead with tax-cut bills despite facing uphill battle

If you‘re waiting for more tax cuts to come out of Congress, you may be waiting for a long time.

The House Ways and Means Committee is expected Thursday to begin considering three bills that Republicans have dubbed Tax Reform 2.0. In addition to making the recently reduced tax rates for individuals permanent, the legislative package would expand tax-advantaged savings accounts, including for retirement and education.

A Ways and Means spokesperson told CNBC that the bills under consideration should get committee approval this week, and House Speaker Paul Ryan has said publicly that he wants a floor vote on them by the end of the month.