House Passes Tax Cuts For Billionaires Again

The U.S. House late Wednesday passed legislation that would modestly expand the child tax credit for low-income families while reviving significant business tax breaks, a trade-off that some progressive lawmakers rejected as far too lopsided in favor of corporations.

The Tax Relief for American Families and Workers Act of 2024 passed the House in an overwhelming 357 to 70 vote, with 169 Republicans and 188 Democrats supporting the measure.

Nearly all of the 23 House Democrats who voted against the bill are members of the Congressional Progressive Caucus (CPC), a roughly 100-member coalition whose chair backed the $78 billion legislation.

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