8 min
January 25, 2024: What will it take to pass the new bipartisan tax bill? POLITICO Playbook Daily Briefing
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- Politics
When it was unveiled, the bipartisan tax deal brokered by Senate Finance Chair Ron Wyden (D-Ore.) and House Ways and Means Chair Jason Smith (R-Mo.) seemed like a layup — it expanded the child tax credit (a Dem priority) while offering relief to businesses (a GOP priority). But now, in the cold spotlight of simple congressional vote-counting, it faces a very real challenge: border politics. Can it actually pass? Tax policy reporter Ben Guggenheim walks Playbook co-author Rachael Bade through what has to happen to make it through the Congress.
When it was unveiled, the bipartisan tax deal brokered by Senate Finance Chair Ron Wyden (D-Ore.) and House Ways and Means Chair Jason Smith (R-Mo.) seemed like a layup — it expanded the child tax credit (a Dem priority) while offering relief to businesses (a GOP priority). But now, in the cold spotlight of simple congressional vote-counting, it faces a very real challenge: border politics. Can it actually pass? Tax policy reporter Ben Guggenheim walks Playbook co-author Rachael Bade through what has to happen to make it through the Congress.
8 min