this post was submitted on 01 Feb 2024
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politics

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There was strong support from both Democrats and Republicans for the expansion of the Child Tax Credit and a trio of business tax breaks.

The House passed bipartisan tax legislation Wednesday evening that would expand the Child Tax Credit and restore several business tax breaks — a rare feat in an otherwise bitterly divided Congress that has frequently suffered crippling dysfunction.

The $78 billion tax package was sent to the Senate on a vote of 357 to 70, with strong support from both Republicans and Democrats. It awaits an uncertain future in the upper chamber, with some Senate Republicans calling for hearings and others eager to make changes in the bill.

Some House progressives voted against the package, saying it wouldn’t do enough to slash child poverty. They were joined by Republicans on the right who grumbled that it’s an expansion of the welfare state in disguise.

But moderates from both parties provided the tax deal with the two-thirds majority it needed to get through the House under an expedited procedure known as suspension of the rules.

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[–] partial_accumen@lemmy.world 18 points 9 months ago

Time to start working on next year’s deal so it might be ready in time.

That would be a waste of time. That's at least two different GOP Speakers of the House by then.