The White House is engaging with Senate Democrats about making one last push for an enhanced child tax credit this year — and in return for GOP votes, may dangle support for corporate tax credits for research and development that expired last year, Axios has learned.
Why it matters: Some Democrats see a year-end legislative horse-trade as their last chance to enshrine some version of President Biden’s enhanced child tax credit into law before Republicans take one — or both — chambers of Congress.
A compromise package would require 60 votes in the Senate, meaning that at least 10 Republicans would need to support it without any Democratic defections.
In response to the Supreme Court decision on Roe v. Wade, some Republican senators, including Mitt Romney (R-Utah) and Marco Rubio (R-Fla.), have been floating pro-family policies, including a cheaper and less expansive version of Biden's child tax credit.
White House and Senate Democrats eye child tax credit Hail Mary
- by: Hans Nichols
- 09-09-2022
- Source:
Axios
- 09/09/2022
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