The 357-70 vote on Wednesday, Jan. 31, 1024, sends the bill, dubbed the Tax Relief for American Families and Workers Act of 2024, to the U.S. Senate, where lawmakers are
A sweeping tax bill that passed the House in an overwhelmingly bipartisan vote on Wednesday is swiftly running into obstacles in the Senate, throwing the fate of a major piece of legislation that would expand the child tax credit and restore key business tax benefits into uncertainty.
WASHINGTON — The U.S. House voted overwhelmingly Wednesday to approve a $78 billion tax package that would expand the child tax credit and reinstate some tax incentives for businesses.
The House overcame some GOP opposition and easily approved a bipartisan tax package Wednesday night that includes improvements to valuable expensing provisions used by farmers, as well as an expansion of the child tax credit.