House passes bipartisan tax bill that would expand child tax credit
Source: ABC News
January 31, 2024, 8:45 PM
The House voted Wednesday night to pass a bipartisan tax bill that would enhance the popular Child Tax Credit to benefit millions of American families. The House voted 357-70 to pass the measure -- a rare bipartisan win. It now goes to the Senate, where its fate is uncertain.
If passed by the Senate, the $78 billion tax package called the Tax Relief for American Families and Workers Act of 2024 would increase the child tax credit and restore critical research and development deductions. It includes new low-income housing tax credits and disaster tax relief and tax benefits for Taiwan. If passed, the changes would be in effect through 2025 when previous Republican tax cuts expire.
House Speaker Mike Johnson, in a statement Wednesday, called the tax bill "important" legislation. "This bottom-up process is a good example of how Congress is supposed to make law," Johnson said.
Despite overwhelming support for the bipartisan bill in the House, there were still several issues lawmakers had with the legislation, including the child tax credit and state and local tax deductions.
Read more: https://abcnews.go.com/Politics/house-vote-bipartisan-tax-bill-expand-child-tax/story?id=106826071
bucolic_frolic
(43,163 posts)pwb
(11,267 posts)Fuck the lesser house.
BumRushDaShow
(129,006 posts)Roll call vote tally - https://clerk.house.gov/Votes/202430?RollCallNum=30&BillNum=H.R.7024
(interestingly enough, the (D) "nay" votes came from the far left and far right sides of the Democrats)
pwb
(11,267 posts)And the pukes fucked with that. Do the same to them is all I meant. It is time we take from them IMO.
BumRushDaShow
(129,006 posts)This "Tax" bill originated out of the House (but with a companion bill that was developed in the Senate by Wyden who worked with House members in the negotiations).
pwb
(11,267 posts)So you think the bill in the house should be passed by the Senate, but our bill in the senate being rejected is ok?
BumRushDaShow
(129,006 posts)that were allowed to lapse after the pandemic-funding expired. In that case, many GOPers were on board with the Child Tax Credits.
With respect to the Senate, be aware that it takes 60 votes to advance legislation so given the lopsided House vote for the "Tax" bill, chances are good that it will pass there.
But for Immigration - again the 60-vote threshold is needed to move legislation (unless it's done by reconciliation). So if they are able to get that passed in the Senate, then chances are better, given that Johnson only has a handful of members that he can lose (they are down to 218 to our 213, assuming Scalise would still be out getting treatment), that if it passes the Senate and he refuses to bring it up for a vote in the House, that a "discharge petition" could be circulated to get it forced to the floor for a vote. Ironically, Johnson pissed off Lankford, of all people.
Johnny2X2X
(19,066 posts)Same as it ever is. Dems wanted stuff for working people and the poor, Republcians held out for more for the rich and corporations. Every single negotiation is the same, Dems fight for help for the poor and middle class, Republicans will only agree to it if it also helps the rich and businesses. Yet millions of people in this country will say that the GOP is fighting for them and the Dems are eliteists.
PSPS
(13,598 posts)According to republican "logic," the only way to pay for something is to dole out more tax cuts for the wealthy.