WASHINGTON — The House of Representatives on Wednesday approved a bipartisan bill expanding the child tax credit, as well as business deductions long sought by corporate America. If the bill passes the Senate, millions of American families could get more money back from the IRS in the coming months. The House approved the bill with … Read more
WASHINGTON — Far-right Republicans in the House of Representatives are speaking out against a bipartisan bill expanding the child tax credit because it could benefit undocumented immigrants. House Freedom Caucus Chairman Bob Good (R-Va.) said Tuesday that he opposes the tax bill and even claimed the proposed policy would encourage migrants to come to the … Read more
WASHINGTON ― Millions of parents would get bigger tax refunds in the coming months from a bill the House of Representatives could vote on this week. The House Ways and Means Committee approved the legislation last week by a vote of 40 to 3, with all Republicans in support. The bill would likely pass the … Read more
WASHINGTON — A bipartisan team of lawmakers on Tuesday announced that they had finalized a deal to restore business tax breaks and expand a credit that gives millions of parents refunds at tax time. Senate Finance Committee Chair Ron Wyden (D-Ore.) and House Ways and Means Committee Chair Jason Smith (R-Mo.) unveiled the details of … Read more
WASHINGTON — A longshot bipartisan tax deal under negotiation on Capitol Hill could deliver extra cash to parents in exchange for business subsidies. The top tax lawmakers in the House and Senate — Rep. Jason Smith (R-Mo.) and Sen. Ron Wyden (D-Ore.) — have been working on a deal expanding the child tax credit alongside … Read more
