House tees up vote to enhance child tax credit, revive tax breaks for businesses

WASHINGTON (AP) — The House looked to accomplish something unusual Wednesday in passing with broad, bipartisan support a roughly $79 billion tax cut package that would enhance the child tax credit and boost three tax breaks for business, a combination that gives lawmakers on both sides of the political aisle coveted policy wins. 

Prospects for the measure becoming law are uncertain with the Senate still having to take it up, but for a House that has struggled to get bills of consequence over the finish line, the tax legislation could represent a rare breakthrough. Debate and a final vote on the measure are scheduled for the evening. 

Speaker Mike Johnson, R-La., threw his support behind the bill on Wednesday morning. He spent part of the previous day meeting with GOP lawmakers who were concerned about features of the bill, namely the expanded child tax credit. Some were also unhappy that it fails to address the $10,000 cap on the total amount of property taxes or state or local taxes that consumers can deduct on their federal returns. Raising the cap is a top priority of lawmakers from members of the New York congressional delegation. 

Johnson committed to moving a bill that addresses the cap, but there is no bill text yet and legislation would have to move through the House Rules Committee, which leaves the timing very much in flux. Athina Lawson, a spokeswoman for Johnson, said the speaker and the chairman of the House Ways and Means Committee, Rep. Jason Smith, R-Mo., agreed to work with members to “find a path forward."