- Feb 5, 2002
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After passing the House in January, a bill to further expand child tax credits and certain tax breaks for businesses failed to pass the Senate this week.
The measure, which included portions addressing child tax credits, business taxes, and international trade, would increase the IRS child tax credit from the current amount of $1,600 to $2,000 per child in 2025.
The bill needed 60 votes to pass, but after opposition from Republicans the final vote on Thursday was 48 in favor and 44 opposed, with eight not voting.
Continued below.
www.catholicnewsagency.com
The measure, which included portions addressing child tax credits, business taxes, and international trade, would increase the IRS child tax credit from the current amount of $1,600 to $2,000 per child in 2025.
The bill needed 60 votes to pass, but after opposition from Republicans the final vote on Thursday was 48 in favor and 44 opposed, with eight not voting.
Continued below.
Bill to expand child tax credit to $2,000 fails in Senate
The measure would increase the IRS child tax credit from the current amount of $1,600 to $2,000 per child in 2025.
www.catholicnewsagency.com
