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House passes sweeping, bipartisan bill with expanded child tax credit and business tax breaks

Posted on AllSides January 31st, 2024
From The Left

WASHINGTON – The House passed a sweeping, bipartisan tax bill Wednesday that would expand the child tax credit for American families and reinstate some tax cuts for businesses. The bill, negotiated between Rep. Jason Smith, R-Mo., chair of the House Ways and Means Committee and Sen. Ron Wyden, D-Ore., chair of the Senate Ways and Means Committee, cleared the House by a bipartisan vote of 357-70. The widespread support in the lower chamber was critical for the legislation because Republicans fast-tracked it under a tactic known as "suspension." Any bill...

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https://usatoday.com/story/money/2024/01/31/house-tax-bill-child-credit-business/72424880007

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