"House Approves Bipartisan $78 Billion Tax Bill, Expanding Child Tax Credit and Boosting Businesses"

The House passed a $79 billion tax cut package with broad bipartisan support, enhancing the child tax credit for lower-income families and boosting tax breaks for businesses. The bill faces uncertain prospects in the Senate, but represents a rare breakthrough for the House. Republicans seek to address the $10,000 cap on property tax deductions, while Democrats focus on boosting the child tax credit. Despite some criticism from both sides, a significant majority from each party voted for the bill, hoping to spur action in the Senate.