Bipartisan Efforts to Provide Tax Relief to Families and Businesses in Idaho and North Carolina
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U.S. Rep. Richard Neal and Rep. Jim McGovern praised the passage of the Tax Relief for American Families and Workers Act in the House, a $78 billion tax bill that expands the child tax credit and provides tax breaks for businesses. Neal highlighted the positive jobs report released by the U.S. Department of Labor, which showed the recovery of jobs lost during the COVID-19 pandemic. The bill now heads to the Senate for consideration. While Neal acknowledged that not all Democratic priorities were included, he emphasized that the bill is a victory for families in the middle and lower economic spectrum. McGovern expressed concern about potential changes to the child tax credit in the Senate and criticized any attempts to limit its benefits. Both representatives called for a cease-fire in Gaza...
#newstr #ChildTaxCredit #TaxRelief #BipartisanCollaboration #TaxReform #BusinessDeductions