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The Child Tax Credit Bill Has Passed

According to NBC News The Child Tax Credit has passed.

The House Ways and Means Committee voted 40-3 on Friday to approve a bipartisan tax package that includes an expansion of the child tax credit and a series of breaks for businesses, sending it to the full chamber with momentum.

The panel’s vote on the $78 billion bill comes as the Republican-led House leaves for a one-week recess. But lawmakers are hopeful that the chamber will vote on it as early as the following week, which coincides with the beginning of tax filing season. (NBC News)

Republican sources said the bill is expected to hit the House floor the week of Jan. 29, when the House returns. One lawmaker said they believe it will be on the House floor during the first few days of that week, potentially under “suspension,” a process that allows bills to be fast-tracked but requires a two-thirds majority to pass.

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