House moves toward vote on bipartisan child tax credit and business tax bill

The House is set Wednesday to consider a major bipartisan proposal that would expand the child tax credit and renew key business investment deductions.

House Majority Leader Steve Scalise (R-LA) added consideration of the legislation, H.R. 7024, the Tax Relief for American Families and Workers Act, to the schedule for Wednesday.

The floor vote was highly anticipated and comes as some Democrats and Republicans have misgivings about the bill, and after an effort by New York Republicans on Tuesday to halt action on the House floor to demand changes to the legislation. House Speaker Mike Johnson (R-LA) is pushing the legislation through with a provision that requires a two-thirds majority vote to pass, meaning the bill will have to gain support from both parties.

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