House tees up vote to enhance child tax credit, revive tax breaks for businesses

The House is aiming to pass a tax cut package expanding the child tax credit for millions of families and restoring three key tax breaks for businesses. Prospects for the measure becoming law are still uncertain, but for a House that has struggled to get bills of consequence over the finish line and signed into law, the tax legislation could represent a rare breakthrough. Debate and a final vote on the measure are scheduled for the evening. Speaker Mike Johnson threw his support behind the bill on Wednesday morning, calling it important legislation that would would revive “conservative pro-growth tax reform.”