Similar Stories to Rubio Threat On Child Tax Credit Puts Bump In Gop Tax Path on Bing News

WASHINGTON (AP) — Republican Marco Rubio's potential defection over a tax credit for low-income parents put a speed bump into GOP leaders' drive to push their big tax package through the Senate, but it's a complication that's likely to be resolved. The Florida senator declared Thursday that he'll vote against the $1.5 trillion bill unless House and Senate negotiators expand the tax credit that low-income Americans can claim for their children. That puts the Republicans' razor-thin margin in the Senate closer to the edge.

BING NEWS:
  • New Colorado tax credit could lift 50,000 children out of poverty, is latest to tap TABOR surplus
    Boasting that child poverty in Colorado would soon be cut nearly in half, Gov. Jared Polis on Friday signed a large new tax credit for low-income families into law. Here’s how several new ...
    06/2/2024 - 7:00 am | View Link
  • How Illinois’ new child tax credit will affect suburban parents
    Thousands of qualifying suburban parents could receive an income tax break next year due to the state’s first child tax credit included in the upcoming state budget. Parents of children 12 and ...
    05/31/2024 - 4:54 pm | View Link
  • Illinois’ new $53.1B budget passes Senate: eliminates grocery tax, adds child tax credit, migrant funding
    The Democrat-run Illinois Senate approved Gov. JB Pritzker’s proposed 2025 Fiscal Year budget with a vote of 38-21 on Sunday. The new budget will cost Illinois residents $870 million in tax increases, ...
    05/27/2024 - 4:54 am | View Link
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