House Passes $78 Billion Business, Child Tax Break Bill
- Senate outlook murky as some Republicans demand changes
- White House says Biden would sign bill if it passes Congress
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The House passed a $78 billion business and child tax break bill that would provide a boon for US companies with large capital and domestic research expenditures and hand President Joe Biden an election-year political victory.
The measure, which was approved by a vote of 357 to 70, now heads to the Senate where lackluster Republican support threatens to sink it over a provision that would allow some people with no taxable income to collect the child tax credit and other concerns.