CBS News reports:
A major tax package that would bolster the popular Child Tax Credit and cut taxes for businesses failed to advance in the Senate on Thursday in the face of widespread Republican opposition, despite clearing the House by wide bipartisan margins earlier this year.
Known as the Tax Relief for American Families and Workers Act of 2024, the legislation would expand the Child Tax Credit to provide relief to lower-income families.
The legislation fell short in a vote of 48 in favor to 44 opposed, with 60 votes needed to advance the measure. Three Republicans — Sens. Josh Hawley of Missouri, Markwayne Mullin of Oklahoma and Rick Scott of Florida— joined with Democrats in favor of moving forward with the bill.
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