Read previewThe House just passed a bill to expand the child tax credit , bringing the relief one step closer to parents. On Wednesday night, the House passed the Tax Relief for American Families and Workers Act of 2024 by a vote 357-70, which aims to boost the child tax credit, implement low-income housing credits and disaster relief, and give businesses an R&D tax break, among other things. AdvertisementThe legislation — a rare bipartisan feat — would both boost the child tax credit and offer GOP-friendly tax relief for businesses that invest in research and development, among other measures. The refundable child tax credit would be increased from $1,600 a child to $1,800 in 2023 and would rise to $2,000 by 2025. Some GOP lawmakers were upset with the expansion of the child tax credit, along with the advancement of the tax package while other conservative priorities remained stalled.

---

Persons: —, Mike Johnson, Karine Jean, Pierre, Jean, Pierre said, Chip Roy, Jimmy Failla Organizations: Service, Relief, American Families and Workers, Business, GOP, Budget, Tax, White House Press, Fox, Senate Locations: Washington