Sen. Chuck Grassley made the comments ahead of a House vote on a $78 billion package that would expand the child tax credit and provide some tax breaks for businesses.
WASHINGTON — Sen. Chuck Grassley, R-Iowa, cast doubt Wednesday on passing a bipartisan tax bill, saying it could make President Joe Biden “look good” and improve Democrats’ chances of holding the White House in the 2024 election.
Grassley said re-electing Biden could hurt Republican hopes of extending Trump-era tax cuts.
A 2021 child tax credit included monthly checks for qualifying parents, but they are not in the newly negotiated bill.
The Republican-controlled House Ways and Means Committee said in a statement last week that under the legislation, the Biden administration would be “explicitly prohibited” from “manipulating the bill’s tax relief in an attempt to send politically timed refund checks.”
The spokesperson added that Grassley “looks forward to providing input” when a Finance Committee markup is scheduled.
Grassley made the comments ahead of an expected House vote to pass the bill.
The original article contains 462 words, the summary contains 140 words. Saved 70%. I’m a bot and I’m open source!
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WASHINGTON — Sen. Chuck Grassley, R-Iowa, cast doubt Wednesday on passing a bipartisan tax bill, saying it could make President Joe Biden “look good” and improve Democrats’ chances of holding the White House in the 2024 election.
Grassley said re-electing Biden could hurt Republican hopes of extending Trump-era tax cuts.
A 2021 child tax credit included monthly checks for qualifying parents, but they are not in the newly negotiated bill.
The Republican-controlled House Ways and Means Committee said in a statement last week that under the legislation, the Biden administration would be “explicitly prohibited” from “manipulating the bill’s tax relief in an attempt to send politically timed refund checks.”
The spokesperson added that Grassley “looks forward to providing input” when a Finance Committee markup is scheduled.
Grassley made the comments ahead of an expected House vote to pass the bill.
The original article contains 462 words, the summary contains 140 words. Saved 70%. I’m a bot and I’m open source!