Lawmakers Strike Tax Deal‚ but It Faces Long Election-Year Odds in Congress
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Lawmakers Strike Tax Deal‚ but It Faces Long Election-Year Odds in Congress

Top Democrats and Republicans in Congress on Tuesday released a $78 billion compromise they have reached to expand the child tax credit and restore three popular expired business tax breaks‚ but the package faces a challenging road to enactment in an election year. The plan includes $33 billion to partly extend a major expansion of the child tax credit that was initially beefed up for one year as part of the sweeping 2021 pandemic aid law‚ and another $33 billion to...