US Business, Child Tax-Break Bill Faces Hurdles in Congress bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) US businesses eager for a tax deal announced by two powerful US lawmakers can’t yet bank on the corporate breaks.Most Read from BloombergStocks Drop as Solid Retail Sales Lift Bond Yields: Markets WrapMusk Pressures Tesla’s Board for Another Massive Stock AwardApple to Allow Outside Payments for Apps After US DecisionChina’s Economic Growth Disappoints, Fueling Stimulus CallsChina Population Extends Record Drop on Covid Deaths, Low BirthsThe measure picked up the crucial backing o
Two years after the expiration of the expanded child tax credit, a pandemic-era policy that temporarily but dramatically lowered child poverty rates, federal lawmakers are close to a bipartisan deal that may reinstate some version of the credit.Leaders of the tax-writing committees in the House and Senate are working on a deal to expand the existing child tax credit in exchange for extending certain business tax credits, including a popular credit related to research and development that expired