WASHINGTON — The House voted Wednesday night to pass a $78 billion tax package that includes an expansion of the child tax creditsending it to the Senate, where its course is uncertain.
The Republican-led House passed the bipartisan measure by a vote of 357 to 70, using an expedited process that requires a two-thirds majority. The legislation received broad support from each party: 169 Republicans and 188 Democrats voted for it, while 47 Republicans and 23 Democrats voted against it.
But the bill faces opposition from some parties, including liberal Democrats who oppose corporate tax breaks, right-wing Republicans who have challenged the child tax credit policy, and members of the Party Republican from New York who complained that it would not expand the child tax credit. $10,000 cap on federal deductions for state and local taxes.
The bill now heads to the Democratic-led Senate, where it will need 60 votes to pass. It’s not clear that the votes are there.
Among the Senate skeptics is Finance Committee Ranking Member Chuck Grassley, R-Iowa, who said directly Wednesday that he was concerned about the bill because it making President Joe Biden “look good” in an election year.
Senate Majority Leader Chuck Schumer, D-N.Y., declined to say Wednesday when the tax bill would come up for a vote and whether it would be amended.
“I support the tax bill,” Schumer told reporters. “I am working with Senator Wyden to find the best path forward.” Wyden is Sen. Ron Wyden, D-Ore., chairman of the Finance Committee.
The legislation would expand refundable child tax credits, aiming to provide relief to struggling families, particularly parents of multiple children. This would gradually lift the $1,600 repayable cap on the credit and adjust it for inflation. It would also resurrect some expired portions of the 2017 Republican tax cuts for businesses, including research and experimentation spending and small business spending.
House Ways and Means Committee Chairman Jason Smith, R-Mo., said before the vote that…