"House Approves Enhanced Child Tax Credit and Bipartisan Tax Bill Despite GOP Revolt"

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Source: Business Insider
"House Approves Enhanced Child Tax Credit and Bipartisan Tax Bill Despite GOP Revolt"
Photo: Business Insider
TL;DR Summary

The House has passed a bipartisan bill to expand the child tax credit and provide tax relief for businesses, aiming to lift hundreds of thousands of children out of poverty. The legislation, which now heads to the Senate, would increase the refundable child tax credit and offer tax breaks for businesses investing in research and development. The White House has urged Congress to pass the bill, emphasizing its potential to benefit millions of families and support affordable housing construction.

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