GOP/TAXES: “Republican negotiators in the U.S. Congress on Friday [12-15-17] expanded a child tax credit that is part of sweeping tax legislation in order to shore up support for passage, but it was still unclear whether the move was enough to satisfy two balking senators.
Republican Representative Kristi Noem said on Friday that the refundable portion of an expanded child tax credit in the tax bill under negotiation has risen to $1,400 from $1,000, an apparent bid to win support from Republican Senators Marco Rubio and Mike Lee…
Aides to both Rubio and Lee said they had not yet seen the text of the latest child tax credit provision…
On Thursday, Rubio said he would not support the tax bill without a significant improvement to the child tax credit.
Before the new proposal was circulated, Rubio noted the pending legislation would double the child tax credit to $2,000 but said only about half of the credit would be refundable to millions of working-class families…
Republican leaders in the Senate and House of Representatives were working furiously on Friday to put the finishing touches on the massive tax bill. Their hope is to unveil details of the legislation later on Friday and queue it up for votes by the full Senate and House next week.”
-Reuters Staff, “Republicans alter tax bill in bid to win over reluctant senators,” Reuters, Dec. 15, 2017 07:25am