'On life support': Senate Republicans are prepared to sink the child tax credit bill
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Source: NBC News
April 10, 2024, 7:00 AM EDT
WASHINGTON — Senate Republicans are inching closer to burying a bipartisan bill to expand the child tax credit and provide breaks for businesses, issuing a series of demands that would most likely disrupt the coalition that enabled it to pass the House.
The $78 billion bill, negotiated by House Ways and Means Committee Chair Jason Smith, R-Mo., and Senate Finance Committee Chair Ron Wyden, D-Ore., passed the Republican-led House by a vote of 357-70 in January, a rare feat in a divided Congress that has struggled to function. But it has languished in the Senate, where key Republicans have said they’ll kill it unless it includes major revisions. Senate Democrats have 51 seats, and they need 60 votes to break a filibuster.
But with tax filing season close to finishing and election-year politics heating up, there’s no hint of a resolution in sight. Democratic leaders are eager to pass the legislation, which, according to one analysis, would benefit about 16 million children in low-income households. Some Republicans openly warn they may sink it.
Sen. Thom Tillis, R-N.C., a member of the Finance Committee, said he’d be happy to see the entire tax bill fade away. “I hope so,” Tillis said, adding that it doesn’t have the necessary 60 votes to pass in the Senate today. “I honestly think unless Sen. Crapo indicates they’re negotiating in good faith, I don’t see how they have a path,” he said, referring to Mike Crapo of Idaho, the ranking Republican on the Finance Committee. “If it’s just about the vote on the floor, I don’t think they have a path.”
Read more: https://www.nbcnews.com/politics/congress/-life-support-senate-republicans-are-prepared-sink-child-tax-credit-bi-rcna146856
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