Overview

• 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.