Some parents could see a bigger tax break if Republicans and Democrats can stay aligned
More Republicans across the U.S. are supporting increased spending to subsidize child care costs. The pandemic illuminated the industry's fragility and its importance to parents. Republicans are treating child care as workforce issue, supporting higher spending. More Republicans are now supporting increased child care spending.
House expected to vote on bipartisan tax bill that expands child tax credit. $78 billion bipartisan tax package would temporarily expand the child credit. It would also restore a number of business tax benefits. The bill is expected to pass the House of Representatives on Wednesday evening. It is expected that the bill will pass the Senate on a bipartisan vote.
Some parents could see a bigger tax break if Republicans and Democrats can stay aligned. House GOP leaders continue to push a $78 billion bipartisan tax package that would temporarily expand the child tax credit and restore a number of business tax benefits. Many hurdles remain, and whether it ultimately passes both chambers is in doubt.