Senate rejects legislation that would expand child tax credit and restore business tax breaks

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A bill to expand the child tax credit and restore some tax breaks for businesses failed to advance in the Senate.

El líder de la mayoría del Senado, Chuck Schumer, demócrata por Nueva York, habla con los periodistas tras una sesión de estrategia demócrata, en el Capitolio, en Washington, el martes 21 de mayo de 2024. WASHINGTON — A bill to expand the child tax credit and restore some tax breaks for businesses failed to advance in the Senate on Thursday as Republicans largely opposed the measure, arguing they would be in position to get a better deal next year., D-N.Y.

“The question is, will Senate Republicans join us to give Americans a tax break or will they stand in the way?” Schumer said before the vote.in January by a 357-70 vote, but has stalled in the Senate. Republicans were calling for the bill to go through the Senate Finance Committee, in a process that would allow lawmakers to offer amendments to address their concerns, but that did not happen.

“I’m not so certain the American people are impressed by message votes,” McConnell said. “And I don’t think they’ll give out points for incomplete work.” The bill would be paid for by speeding up the cutoff date by which companies could submit retroactive claims for employees they kept on the payrolls during the COVID-19 pandemic. The IRS has said a significant majority ofWith the bill seemingly lacking the support necessary to overcome procedural hurdles, Schumer had opted for months not to bring it up for a vote. But the election season presented an opportunity for Democrats to spotlight the issue — and Vance.

Vance also suggested in 2021 that political leaders who did not have biological children “don’t really have a direct stake” in the country. He reaffirmed those remarks after clips of them resurfaced, saying this week on the SiriusXM radio program “The Megyn Kelly Show” that the Democratic Party had become “anti-family and anti-child.”

Democratic Sens. Sherrod Brown of Ohio and Bob Casey of Pennsylvania, both in competitive races this fall, spoke on the Senate floor in support of the bill. But Sen. John Cornyn, R-Texas, called Thursday’s action the latest in a series of “show votes” designed to fail but would provide Democrats “with a talking point or two on the campaign trail.”

 

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