04-17-2024, 01:39 AM
(04-16-2024, 09:02 PM)Mike M (the other one) Wrote: wtf? You got it backwards, The House passed this back on Feb 5, it's stuck in the Senate (the one where the R's aren't the Majority??). So why haven't the D's passed it yet????
https://www.kiplinger.com/taxes/congress-negotiating-child-tax-credit
At the end of January, the U.S. House of Representatives passed $78 billion tax legislation that includes a newly expanded child tax credit (CTC) and various tax breaks for businesses.
Since then, the bipartisan tax package has been stalled in the U.S. Senate. Although Congress has returned from its recent recess, obstacles remain, and the hope that the new child tax credit will become law before the end of the 2024 filing season is dwindling.
Welll shit
https://finance.yahoo.com/news/republicans--are-killing-a-tax-cut-203349220.html
"In January, the House of Representatives passed $78 billion in tax cuts in a surprising act of bipartisanship. Republicans got a trio of business tax cuts meant to juice investment and innovation. Democrats got an expansion of the child tax credit for lower-income families. There was grumbling on each side about the other getting too many freebies, but the bill went to the Senate for what could have been a rare do-something opportunity.
For some Senate Republicans, however, doing nothing now seems better. Bloomberg reports that several Republican senators are indicating they don’t want to vote on the tax cut bill. One opposition leader is Mike Crapo of Idaho, who's influential because he's the top Republican on the Senate Finance Committee. Crapo has reportedly persuaded Minority Leader Mitch McConnell and John Thune of South Dakota, who's vying to replace McConnell as minority leader, to join him in squashing the bill."
Turns out it's because of party over country!!!!!!!!!!!! And this broke ass two party bullshit system we have.
