Bipartisan Tax Bill Faces Senate Hurdle Over Child Tax Credit Expansion

The bill, which could lift 400,000 children out of poverty, is opposed by Senate Republicans due to deficit concerns and potential benefits for migrants.

• A bipartisan tax relief bill aiming to expand the child tax credit faces opposition from Senate Republicans, citing concerns over its impact on the federal deficit and provisions benefiting migrants.
• The bill, passed by the House with a significant majority, could lift as many as 400,000 children above the poverty line, according to the Center on Budget and Policy Priorities.
• Senate Republicans argue the bill undermines welfare reforms by delinking the child tax credit from work requirements and could add nearly $400 billion to the federal deficit over a decade.
• Critics within the GOP also express skepticism over the bill's provisions for large companies and its potential political boost for President Biden ahead of the 2024 election.
• Despite the opposition, the bill's supporters highlight its bipartisan nature and potential benefits for working families and businesses.

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