"House Approves Bipartisan $78 Billion Tax Bill, Expanding Child Tax Credit and Boosting Businesses"
TL;DR
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.
Topics:nationpolitics#bipartisan-support#business-tax-breaks#child-tax-credit#house-of-representatives#politics#tax-legislation
- House passes bipartisan bill to enhance child tax credit, revive key tax breaks for businesses PBS NewsHour
- Bill With Child Tax Credit Advances, but Election Politics Test Its Chances The New York Times
- Johnson plans to bring bipartisan tax package to House floor Wednesday POLITICO
- House Passes Tax Cuts for Businesses, Low-Income Families The Wall Street Journal
- House passes $78 billion tax bill expanding child tax credit and boosting US manufacturing Fox News
Want the full story? Read the original reporting
Read on PBS NewsHour