‘It looks terrible’: Dems prep a tax cut for business as broader agenda stalls

Democrats are poised to approve their first big tax break of this year — but it’s not any of the ones they’ve spent so much time talking about.

Their efforts to expand the Child Tax Credit and beef up green energy breaks, not to mention their plan to raise taxes on the rich, are all dead.

But they are on the verge of passing a new $24 billion credit for the semiconductor industry, with legislation now on a glide path to President Joe Biden’s desk.