Child Tax Credit expansion faces uncertain path in Senate after House passage
CBSN
Washington — The House saw a rare moment of bipartisanship late Wednesday when lawmakers approved a major tax bill that would expand the Child Tax Credit and extend some business tax breaks. But whether the Senate can maneuver the legislation to passage is another question.
The bill passed the House by a vote of 357 to 70, earning more support from Democrats than Republicans. Next up is the Senate, where 60 votes would be needed to send the bill to President Biden's desk.
Senate Finance Committee Chairman Ron Wyden, an Oregon Democrat, and House Ways and Means Committee Chairman Jason Smith, a Missouri Republican, unveiled an agreement on the legislation last month. They celebrated what they called a "common sense, bipartisan, bicameral tax framework" that they said will "promotes the financial security of working families, boosts growth and American competitiveness, and strengthens communities and Main Street businesses."
