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What will be the primary reason cited for the failure or success of the $78 billion bipartisan tax package?
1
Resolution / Starting Odds
Partisan disagreement • 25%
Economic concerns • 25%
Lobbying efforts • 25%
Other reasons • 25%
Official legislative records, press releases, and news articles
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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Political Implications • 25%
Budget Constraints • 25%
Lack of Bipartisan Support • 25%
Other • 25%
Bipartisan support • 25%
Partisan opposition • 25%
Amendments made • 25%
Leadership influence • 25%
Passes with majority support • 25%
Fails with majority opposition • 25%
Stalemate with no vote • 25%
Not reintroduced • 25%
Republican Dissent • 25%
Democratic Opposition • 25%
Debt Ceiling Issues • 25%
Other • 25%
Child Tax Credit • 25%
Affordable housing • 25%
Tax cuts for working families • 25%
Other focus areas • 25%
Economic Growth • 25%
Income Inequality • 25%
Budget Deficit • 25%
Political Strategy • 25%
Passed • 33%
Failed • 33%
Postponed • 34%
Increased Child Tax Credit • 25%
More affordable housing units • 25%
Additional business tax incentives • 25%
Other new provisions • 25%
Lack of support from Democrats • 25%
Lack of support from Republicans • 25%
Presidential veto • 25%
Other reasons • 25%