Bipartisan deal to expand child tax credit, revive business tax breaks advances in Congress

WASHINGTON — A plan to temporarily expand the child tax credit and revive tax breaks for businesses received overwhelming bipartisan support in a committee vote Friday, a rare moment of compromise in a divided Congress that’s headed into a heated election year. The tax policymakers of the GOP-led U.S. House Committee on Ways and Means voted 40-3 to send the Tax Relief for American Families and Workers Act, or H.R. 7024, to the House for a full floor vote. The Biden administration is “encouraged” and “pleased” with the committee’s vote, White House press secretary Karine Jean-Pierre said Friday. The framework, co-led by House Ways and Means Chair Jason Smith of Missouri and Senate Committee

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