House panel aims to advance child tax credit and business tax proposal Friday

The House tax-writing panel has scheduled a meeting Friday to work on and advance the major bipartisan proposal that would expand the child tax credit and renew prized business investment deductions.

The Ways and Means Committee will hold the session, in which members of the tax-writing committee will get their chance to weigh in on the legislation, on Friday, a Ways and Means aide confirmed to the Washington Examiner.

The markup, as such hearings are known, will be much-watched because it will give a sense about the likelihood of the proposal passing.

While some in leadership, such as Sen. Chuck Schumer (D-NY), have endorsed the plan, many lawmakers have not yet voiced their position on the matter.

The markup will also show potential fissures or points of debate within the legislation, which is a $600 billion
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