The US House of Representatives approved a $78 billion tax cut package in January, but the measure now faces potential hurdles in the Senate due to opposition from Republican lawmakers. The legislation addresses several key tax issues, including business tax credits and the child tax credit.
Yahoo Finance senior columnist Rick Newman breaks down the details, providing insight into why Republicans are positioning themselves against the bill and how the Biden administration might in turn respond.
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Editor’s note: This article was written by Angel Smith
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