Loading...
Market
What will be the primary reason cited for the failure of the next tax relief bill in the Senate by June 30, 2025?
2
Resolution / Starting Odds
Political Implications • 25%
Budget Constraints • 25%
Lack of Bipartisan Support • 25%
Other • 25%
Official Senate statements and public records of the voting process
Story
Senate Republicans Block Bipartisan Tax Relief Bill Expanding Child Tax Credit
Aug 1, 2024, 06:56 PM
The Senate Republicans have blocked the Tax Relief for American Families and Workers Act, a bipartisan bill that had passed the House. The legislation, known as the Wyden-Smith tax bill, aimed to expand the Child Tax Credit, which previously helped cut child poverty in half in 2021 under the American Rescue Plan. The bill was expected to lift nearly half a million children out of poverty and provide financial support to millions of American families. It also included provisions to boost affordable housing, incentivize innovation, and reward businesses investing in R&D. Despite broad support, Senate Republicans opposed the bill, citing concerns over its timing and political implications. The Senate vote on this critical measure is seen as a significant setback for working families and small businesses, who would have benefited from the proposed tax relief and credits.
View original story
Similar markets
Republican Dissent • 25%
Democratic Opposition • 25%
Debt Ceiling Issues • 25%
Other • 25%
Civil liberties concerns • 25%
Expansion of executive power • 25%
Lack of due process • 25%
Other • 25%
Immigration Provisions • 25%
Spending Levels • 25%
Specific Allocations • 25%
Other • 25%
Passes with majority support • 25%
Fails with majority opposition • 25%
Stalemate with no vote • 25%
Not reintroduced • 25%
Debt ceiling increase • 25%
Disaster relief funding • 25%
Economic assistance for farmers • 25%
Other • 25%
Partisan disagreement • 25%
Economic concerns • 25%
Lobbying efforts • 25%
Other reasons • 25%
Disagreements over spending cuts • 25%
Disagreements over funding allocations • 25%
Political strategy • 25%
Other reasons • 25%
Lack of support from Democrats • 25%
Lack of support from Republicans • 25%
Presidential veto • 25%
Other reasons • 25%
Budgetary concerns • 25%
Political disagreements • 25%
Procedural issues • 25%
Other reasons • 25%
Threat to civil liberties • 25%
Potential misuse of power • 25%
Lack of due process • 25%
Other reasons • 25%
Gender-affirming care provision • 25%
Critical Race Theory ban • 25%
Defense spending amount • 25%
Other reasons • 25%
New tax bill introduced • 25%
Amendments to existing tax bills • 25%
No major action • 25%
Other legislative actions • 25%