Bipartisan Deal Could Expand Child Tax Credit, Revive Business Tax Breaks
• Bipartisan deal in Congress could expand child tax credit and revive business tax breaks • Top tax lawmakers Wyden (D) and Smith (R) negotiating potential agreement • Deal could make child tax credit more generous and refundable for low-income families • Also aims to revive business write-offs for capital investments and research costs • Faces obstacles in polarized Congress and crowded legislative agenda, but some optimism