US Business, Child Tax-Break Bill Faces Hurdles in Congress
- Firms can’t yet count on research, interest tax credits
- Lacks enough support to add to measure averting US shutdown
A person walks by the US Capitol Building in Washington, DC.
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US businesses eager for a tax deal announced by two powerful US lawmakers can’t yet bank on the corporate breaks.
The measure picked up the crucial backing of Senate Majority Leader Chuck Schumer on Tuesday but it still faces significant challenges to pass Congress in time for the Jan. 29 start of tax filing season.