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What will be the next significant legislative action related to the Child Tax Credit by the end of 2024?
2
Resolution / Starting Odds
Bill passes the Senate • 25%
Bill fails in the Senate • 25%
New bill introduced • 25%
No action taken • 25%
Official legislative records and announcements
Story
Senate Republicans Block $78 Billion Bipartisan Tax Package Expanding Child Tax Credit and Business Tax Breaks
Aug 1, 2024, 04:34 PM
Senate Republicans have blocked a $78 billion bipartisan tax package that aimed to expand the Child Tax Credit and restore business tax breaks. The bill, which previously passed the House with a 357-70 vote, was intended to provide significant financial relief to millions of American families and businesses. The expanded Child Tax Credit had previously helped cut child poverty nearly in half in 2021. Senate Majority Leader Chuck Schumer criticized Republicans for standing in the way of this legislation, which he argued would lift children out of poverty and support businesses investing in research and development. Despite Democratic support, the bill failed to pass in the Senate during a key test vote on Thursday afternoon. The House-passed bill had been blocked by Senate Republicans for 6 months.
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Passes with majority support • 25%
Fails due to lack of majority • 25%
Not brought to a vote • 25%
Other outcomes • 25%
Yes • 50%
No • 50%
Passed as proposed • 25%
Passed with modifications • 25%
Not passed • 25%
No vote taken • 25%
Yes • 50%
No • 50%
New tax bill introduced • 25%
Amendments to existing tax bills • 25%
No major action • 25%
Other legislative actions • 25%
Pass with 60-64 votes • 25%
Pass with 65-69 votes • 25%
Pass with 70 or more votes • 25%
Fail to pass • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%