"House Votes on Bipartisan Bill to Expand Child Tax Credit and Corporate Tax Breaks"

TL;DR Summary
The House is set to vote on a $78 billion tax package that includes an expansion of the child tax credit, facing objections from various corners. The bill has bipartisan support but is uncertain in the Senate, where it will need 60 votes to pass. The legislation aims to provide relief to struggling families by incrementally lifting the refundable cap on the credit and resurrecting some expired parts of the 2017 Republican tax cuts for businesses. Senate Republicans are seeking revisions, including eliminating the provision allowing taxpayers to use a previous year's income for larger child tax credits.
- House to vote on an expanded child tax credit bill NBC News
- Speaker Johnson endorses bipartisan tax bill as 'conservative,' 'pro-growth' reform Fox News
- More Money for Parents? Both Parties Just Might Make It Happen. The New York Times
- House set to vote to expand child tax credit, beef up corporate tax breaks The Washington Post
- Billions in tax breaks could help some parents. Here’s how CNN
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
2 min
vs 3 min read
Condensed
78%
438 → 98 words
Want the full story? Read the original article
Read on NBC News