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House passes $78B tax bill in rare bipartisan vote (www.politico.com)

submitted 7 months ago by [email protected] to c/[email protected]

18 comments fedilink hide all child comments

There was strong support from both Democrats and Republicans for the expansion of the Child Tax Credit and a trio of business tax breaks.

The House passed bipartisan tax legislation Wednesday evening that would expand the Child Tax Credit and restore several business tax breaks — a rare feat in an otherwise bitterly divided Congress that has frequently suffered crippling dysfunction.

The $78 billion tax package was sent to the Senate on a vote of 357 to 70, with strong support from both Republicans and Democrats. It awaits an uncertain future in the upper chamber, with some Senate Republicans calling for hearings and others eager to make changes in the bill.

Some House progressives voted against the package, saying it wouldn’t do enough to slash child poverty. They were joined by Republicans on the right who grumbled that it’s an expansion of the welfare state in disguise.

But moderates from both parties provided the tax deal with the two-thirds majority it needed to get through the House under an expedited procedure known as suspension of the rules.

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[–] [email protected] 5 points 7 months ago

So lot of mention on protecting the children, how bad are the business tax breaks?

We'll see what happens when it gets to the senate.

If Manchin blocks it, the tax breaks for business were reasonable. If he doesn't, this was a fucking handout to big business.