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Congress Child Tax Credit
FILE - Senate Majority Leader Chuck Schumer, D-N.Y., offers remarks following the Senate Democrats policy luncheon at the U.S. Capitol, July 30, 2024, in Washington. Schumer is daring Republicans to vote against a bipartisan tax cut package aimed at expanding the child tax credit for million of families and restoring some business tax breaks. (AP Photo/Rod Lamkey, Jr., File)

Senate rejects legislation that would expand child tax credit and restore business tax breaks

Senators are heading home for the month after failing to advance a bill to expand the child tax credit and restore some business tax breaks

By KEVIN FREKING
Published - Aug 01, 2024, 03:59 PM ET
Last Updated - Aug 01, 2024, 03:59 PM EDT

WASHINGTON (AP) — A bill to expand the child tax credit and restore some tax breaks for businesses failed to advance in the Senate on Thursday as Republicans largely opposed the measure, arguing they would be in position to get a better deal next year.

Majority Leader Chuck Schumer, D-N.Y., dared Republicans to vote against the tax cut package before lawmakers headed home for the month. He said they would be voting against tax cuts for many low-income families and local businesses.

The legislation fell far short of the 60 votes needed to advance the measure, with a vote of 48 in favor and 44 opposed. Three Republicans — Sens. Josh Hawley of Missouri, Markwayne Mullin of Oklahoma and Rick Scott of Florida — joined with Democrats in support. Sens. Joe Manchin of West Virginia and Bernie Sanders of Vermont, independents who caucus with Democrats, were opposed.

Both parties are trying to spotlight issues they believe will play well with voters in November. Schumer put the onus on Republicans to block tax cuts that were sought by the business community and that would financially help an estimated 16 million families when fully in effect. He was also looking to counter assertions from Republican presidential nominee Donald Trump’s running mate, Sen. JD Vance of Ohio, that Democrats are “anti-family."

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