New numbers from congressional bean counters show the business tax breaks in the Wyden-Smith bill are more generous than its version of the child tax credit if the policies were made permanent.
The new figures from a recent Joint Committee on Taxation estimate, shared privately with some lawmakers, underscore why some Democrats in both chambers have taken issue with the bill, arguing it does more for companies than families.
The bill’s business tax breaks would cost $631 billion over 10 years while the child tax credit pieces would cost $250 billion during the same period, according to a person familiar with the report.
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