Johnson to push for 'strong child tax credit,' restrictions on China investment in Wall Street speech

FIRST ON FOX: House Speaker Mike Johnson, R-La., is making a major speech to Wall Street Tuesday afternoon, when he is expected to get behind tax breaks for American families and push for limiting the flow of U.S. dollars to Chinese military companies. Johnson is also expected to detail how a Republican-led federal government will protect U.S.

And as we support job creation and spur economic growth, we will reinstate the doubled guaranteed deduction and a strong child tax credit." Johnson is also expected to allude to some form of work requirements. "But unlike other proposals, we will ensure that our tax policy respects the dignity of work and does not pay people more for staying out of the workforce," Johnson will say.

Johnson is set to give his speech in downtown Manhattan around 4:40 p.m. ET. GET FOX BUSINESS ON THE GO BY CLICKING HERE It is expected to build on his earlier remarks outlining a Republican vision for tax policy in 2025, which he gave at the America First Policy Institute last month. "During the Trump administration, we saw the greatest economy because government did less, not more," Johnson said at the time.

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