Posted 1/16/2024, 4:20:00 PM
Bipartisan Deal Struck to Expand Child Tax Credit, Providing Billions in Aid for Low-Income Families
- Bipartisan deal struck by House and Senate leaders to expand child tax credit and revive some business tax breaks
- Would provide $78 billion in new tax relief and credits
- Aims to aid families struggling financially or with multiple children
- Analysis shows deal would help around 15 million low-income kids
- Goal is to pass deal by Jan. 29 to benefit families and businesses in upcoming tax season