Senate Republicans are set to reject a $78B tax cut bill, which was passed by the House on a bipartisan basis earlier this year. The bill aims to provide business and child tax cuts, but Republicans are focusing on taking back the Senate to push for larger business tax breaks while eliminating child tax credit provisions. This move is seen as an attempt to prevent handing the current administration an election-year victory, prioritizing corporate interests over families. The bipartisan support for the bill is waning, with little hope for its passage as the deadline approaches.
While Democrats are fighting to expand the child tax credit and lift children out of poverty, the GOP is once again trying to cut taxes for big businesses. https://t.co/3F698iAeu0
Column | Republicans (?!?) are killing a tax cut https://t.co/CeoMW8Hcoi by @rickjnewman
โSenate Republicans are poised to sink a $78 billion tax-cut package, gambling theyโll win the majority in November and can push then for bigger breaks for business. โThey also donโt want to hand @POTUS an election-year victoryโ The GOP keeps putting corporations over families. https://t.co/98yp4gEEj5
Senate Republicans poised to tank the business-and-children $78B tax cut bill passed by House, on bipartisan basis, earlier this year. They're hoping to take the Senate back, kill the child tax credit provisions, then do bigger business tax breaks. https://t.co/OmfOqGXgs9
Time is running out on the bipartisan tax bill, and there isn't much hope that it can get passed. @LauraEWeiss16 with the latest in THE VAULT: https://t.co/LzYRITrcUW