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Tax panel leaders clinch deal on child credit‚ business breaks
Senate Finance Chairman Ron Wyden and House Ways and Means Chairman Jason Smith unveiled a roughly $78 billion tax deal Tuesday that would revive a trio of business tax credits‚ expand the child tax credit and boost low-income housing.Â
Wyden‚ D-Ore.‚ and Smith‚ R-Mo.‚ aim to pass the tax package before Jan. 29 to avoid disruptions to filing season. The two will need to shore up support amid criticism of the deal from the right and left and find a legislative vehicle for the measure...