You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

Bipartisan Lawmakers Propose $78 Billion Funding Bill That Would Revive Child Tax Credit

HeadlineJan 17, 2024

Bipartisan congressmembers agreed to a $78 billion short-term funding bill that would avert a partial government shutdown on Friday, while expanding the child tax credit and restoring business tax breaks, among other things. The deal was put forward by Democrat Ron Wyden, chair of the Senate Finance Committee, and Republican Jason Smith, chair of the House Ways and Means Committee. But it’s not clear if the measure can garner enough support to pass. Some Democrats say the child tax credit does not go far enough, and are pushing for the same deal as during the pandemic-era American Rescue Plan. The Center on Budget and Policy Priorities forecasts the plan would lift some 400,000 children out of poverty in its first year.

Meanwhile, President Biden is expected to meet with congressional leaders at the White House today amid deadlocked talks over his request for $100 billion in supplemental funding for Ukraine and Israel’s military and Taiwan, which Republicans have insisted be tied to further militarizing the U.S. southern border.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top