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Smith laid out how much it would cost to do a four-year extension of the Trump tax cuts in reconciliation versus what it would take to make them permanent during a House GOP members-only briefing.
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January 16, 2024

Ways and Means to mark up bipartisan tax package

Supporters of a bipartisan, bicameral deal to expand the child tax credit and revive business tax breaks are ramping up their efforts to move it through both chambers.

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Negotiators have a $78B tax deal
House and Senate negotiators have agreed on a roughly $78 billion framework for a package of tax benefits aimed at businesses and low-income families, according to a source familiar with the negotiations.
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