Child tax credit expanded, business tax breaks get new life in bill passed by U.S. House ...Middle East

The U.S. House on Wednesday, Jan. 31, 2024 voted to approve a tax package that would expand the current child tax credit for three years. (Photo of 1040 form by Getty Images)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 357-70 vote sends the bill, dubbed the Tax Relief for American Families and Workers Act of 2024, to the U.S. Senate, where lawmakers are expected to vote on it at some point, though passage isn’t guaranteed. All 14 North Carolina representatives voted ‘yes’ except for Republican Dan Bishop, who voted ‘no.’ House debate on the 84-page m

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Last updated : 01 February 2024 clock 02:44 PM

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Child tax credit expanded, business tax breaks get new life in bill passed by U.S. House ...Middle East

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