US Lawmakers Weigh $100 Billion Tax Deal for Business, Children

Deal could be enacted in time for 2023 filing season
Lawmakers still need to find way to pay for $100 billion bill

The US Capitol in Washington, DC
Photographer: Stefani Reynolds/AFP/Getty Images

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By Erik Wasson, Samantha Handler, and Chris Cioffi

January 4, 2024 at 11:54 AM EST

This article is for subscribers only.

Businesses eager to see Congress revive expired research and investment tax breaks have reason for optimism that a deal could come together as soon as this month.

Even as a new tax year has begun, Republicans and Democrats are expressing hope that they can come together on a $100 billion tax deal in time for businesses to make use of the breaks for the 2023 tax filing season.