"Congress Navigates Speed Bumps to Pass Bipartisan Tax Deal and Boost Child Tax Credit"

1 min read
Source: NBC News
"Congress Navigates Speed Bumps to Pass Bipartisan Tax Deal and Boost Child Tax Credit"
Photo: NBC News
TL;DR Summary

The Republican-led House is aiming to vote on a bipartisan bill to expand the child tax credit and provide tax breaks for businesses, facing obstacles in the House and uncertainty in the Senate. The $78 billion package, which cleared the Ways and Means Committee, has garnered support for its provisions for families with children but faces objections from some liberals and pro-SALT Republicans. Despite the discontent, proponents are confident about the bill's passage in the House, but its fate in the Senate remains unclear.

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