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Congress reaches bipartisan deal on tax credits for children‚ corporations
Lawmakers on Capitol Hill struck a $70 billion bipartisan deal Tuesday to boost child tax credits and cut taxes for corporations‚ marking a rare agreement across party lines on contentious policy issues in an election year.
The legislation will be retroactive‚ covering three calendar years — 2023 through 2025 — and primarily benefit lower-income families who currently earn too little to claim full credits‚ and those with multiple children.
Most families currently receive the maximum $2‚...