Child tax credit expansion, business incentives combined in new congressional tax plan ...Middle East

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Child tax credit expansion, business incentives combined in new congressional tax plan
Members of Congress unveiled a bipartisan plan on Tuesday, Jan. 16, 2024 that would again expand the child tax credit for families as well as provide business incentives. Shown are children at the Downtown Children’s Center in St. Louis. (Photo by Rebecca Rivas/Missouri Independent)WASHINGTON — Leading members of Congress released a bipartisan, bicameral tax proposal Tuesday, promising a middle-path deal to help low-income families and provide incentives for businesses as Trump-era tax breaks expire. The framework led by top tax policy leaders U.S. Democratic Sen. Ron Wyden of Oregon and Republican Rep. Jason Smith of Missouri would raise the child tax credit incrementally through 2025 and r

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