House passes bipartisan tax bill that would expand child tax credit

[BumRushDaShow]

Source: ABC News

January 31, 2024, 8:45 PM


The House voted Wednesday night to pass a bipartisan tax bill that would enhance the popular Child Tax Credit to benefit millions of American families. The House voted 357-70 to pass the measure -- a rare bipartisan win. It now goes to the Senate, where its fate is uncertain.

If passed by the Senate, the $78 billion tax package called the Tax Relief for American Families and Workers Act of 2024 would increase the child tax credit and restore critical research and development deductions. It includes new low-income housing tax credits and disaster tax relief and tax benefits for Taiwan. If passed, the changes would be in effect through 2025 when previous Republican tax cuts expire.

House Speaker Mike Johnson, in a statement Wednesday, called the tax bill "important" legislation. "This bottom-up process is a good example of how Congress is supposed to make law," Johnson said.

Despite overwhelming support for the bipartisan bill in the House, there were still several issues lawmakers had with the legislation, including the child tax credit and state and local tax deductions.

Read more: https://abcnews.go.com/Politics/house-vote-bipartisan-tax-bill-expand-child-tax/story?id=106826071

[bucolic_frolic]

1. Republicans with no accomplishments can smell an election 10 months out. /nt

[pwb]

2. The Senate should refuse to take it up.

Fuck the lesser house.

[BumRushDaShow]

3. This was drafted with the help of Sen. Ron Wyden (D) for a companion Senate version & 188 Democrats voted for it

Roll call vote tally - https://clerk.house.gov/Votes/202430?RollCallNum=30&BillNum=H.R.7024

(interestingly enough, the (D) "nay" votes came from the far left and far right sides of the Democrats)

[pwb]

5. The immigration bill was bi partisan out of committee too?

And the pukes fucked with that. Do the same to them is all I meant. It is time we take from them IMO.

[BumRushDaShow]

6. The Immigration bill is originating out of the Senate (bipartisan)

This "Tax" bill originated out of the House (but with a companion bill that was developed in the Senate by Wyden who worked with House members in the negotiations).

[pwb]

7. I am aware of that.

So you think the bill in the house should be passed by the Senate, but our bill in the senate being rejected is ok?

[BumRushDaShow]

9. 188 DEMOCRATS voted for the House bill to add some remedy for what happened with the Child Tax Credits

that were allowed to lapse after the pandemic-funding expired. In that case, many GOPers were on board with the Child Tax Credits.

With respect to the Senate, be aware that it takes 60 votes to advance legislation so given the lopsided House vote for the "Tax" bill, chances are good that it will pass there.

But for Immigration - again the 60-vote threshold is needed to move legislation (unless it's done by reconciliation). So if they are able to get that passed in the Senate, then chances are better, given that Johnson only has a handful of members that he can lose (they are down to 218 to our 213, assuming Scalise would still be out getting treatment), that if it passes the Senate and he refuses to bring it up for a vote in the House, that a "discharge petition" could be circulated to get it forced to the floor for a vote. Ironically, Johnson pissed off Lankford, of all people.

[Johnny2X2X]

4. R vs D

Same as it ever is. Dems wanted stuff for working people and the poor, Republcians held out for more for the rich and corporations. Every single negotiation is the same, Dems fight for help for the poor and middle class, Republicans will only agree to it if it also helps the rich and businesses. Yet millions of people in this country will say that the GOP is fighting for them and the Dems are eliteists.

[PSPS]

8. It had to include yet another giant tax cut for corporations in order to pass

According to republican "logic," the only way to pay for something is to dole out more tax cuts for the wealthy.