Child tax credit expansion, business incentives combined in new congressional tax plan
WASHINGTON - Leading members of Congress released a bipartisan, bicameral tax proposal Tuesday, promising a middle-path deal to help low-income families and provide incentives for businesses as Trump-era tax breaks expire. The framework led by top tax policy leaders U.S. Democratic Sen. Ron Wyden of Oregon and Republican Rep. Jason Smith of Missouri would raise the child tax credit incrementally through 2025 and restore tax relief for affordable housing projects.