Senate Struggles to Advance Bipartisan Tax Relief Package
TL;DR Summary
A bipartisan tax bill aimed at expanding the child tax credit and reinstating business tax breaks has hit a roadblock in the Senate after receiving broad approval in the House. Senate Republicans have raised concerns about the bill's generosity towards low-income families and its funding mechanism, stalling its progress as the filing deadline approaches. The $78 billion package, negotiated by top congressional tax writers, faces challenges in an election year, with Democrats hoping for a legislative win while Republicans may prefer to avoid it.
- Bipartisan Tax Bill Is Stuck in Senate Limbo After Broad House Approval The New York Times
- 'This Is A Big Deal': LIHTC Could See Most Significant Reform In Decades Bisnow
- Senate Republicans should back tax relief before it’s too late Washington Examiner
- GOP's Crapo Wants Quick Resolution Of Tax Relief Package Law360
- Extend Pro-Growth Tax Policies, Small Manufacturer Tells Senate NAM
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