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1. www.politico.com › news › 2024/01/31House passes $78B tax bill in rare bipartisan vote - POLITICO

   www.politico.com › news › 2024/01/31

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   Feb 1, 2024 · The House passed bipartisan tax legislation Wednesday evening that would expand the Child Tax Credit and restore several business tax breaks — a rare feat in an otherwise bitterly divided...

2. www.forbes.com › sites › taxnotesTracking The Latest On The House Tax Reform Plan - Forbes

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   Feb 21, 2024 · The U.S. Congress is advancing tax legislation. Well, at least the House is. On January 31 the House passed the Tax Relief for American Families and Workers Act with overwhelming bipartisan...

3. People also ask

   Is Congress advancing tax legislation?

   • The U.S. Congress is advancing tax legislation. Well, at least the House is. On January 31 the House passed the Tax Relief for American Families and Workers Act with overwhelming bipartisan support. The legislation now moves to the Senate, where its path is not yet clear. So where do things stand today?

   Tracking The Latest On The House Tax Reform Plan - Forbes

   www.forbes.com/sites/taxnotes/2024/02/21/tracking-the-latest-on-the-house-tax-reform-plan/

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   What percentage of the House voted on the tax bill?

   • And the tax bill reached that threshold and then some, passing through the House on a full floor vote of 357 to 70. That was 84 percent of members of the House, 78 percent of Republicans, and 89 percent of Democrats. David D. Stewart: So this seems to be a sort of rare moment of unanimity in the House. What are we expecting to see in the Senate?

   Tracking The Latest On The House Tax Reform Plan - Forbes

   www.forbes.com/sites/taxnotes/2024/02/21/tracking-the-latest-on-the-house-tax-reform-plan/

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   Will the Senate vote on a tax relief bill?

   • The House of Representatives passed a tax relief bill by a wide bipartisan vote. However, the ability and timing for the Senate to vote on the bill remains to be determined.

   House Passes Tax Relief Act With A Decisive Bipartisan Vote - Forbes

   www.forbes.com/sites/lynnmucenskikeck/2024/02/01/house-passes-tax-relief-act-with-a-decisive-bi-partisan-vote/

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   How did the tax-cut bill affect New York & California?

   • The Republican-passed tax-cut bill passed of 2017 capped the individual deductions for mortgage interest and state and local tax payments to help pay for business tax cuts. Some lawmakers in New York and California have sought to remove the caps, which led to higher overall tax bills for many taxpayers despite lower tax rates.

   US House backs $78 billion child, business tax breaks bill in rare

   www.reuters.com/world/us/us-house-set-vote-78-bln-child-business-tax-breaks-bill-2024-01-31/

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4. www.nytimes.com › 2024/01/19 › usWhat’s in Congress’s New Tax Deal? - The New York Times

   www.nytimes.com › 2024/01/19 › us

   Jan 19, 2024 · The agreement on a tax bill could foreshadow the kinds of trade-offs that lawmakers will face next year, when many other provisions of the 2017 tax law begin to expire. This package remains a...

5. www.congress.gov › bill › 118th-congressH.R.25 - 118th Congress (2023-2024): FairTax Act of 2023

   www.congress.gov › bill › 118th-congress

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   Jan 9, 2023 · This bill imposes a national sales tax on the use or consumption in the United States of taxable property or services in lieu of the current income taxes, payroll taxes, and estate and gift taxes. The rate of the sales tax will be 23% in 2025, with adjustments to the rate in subsequent years.

6. www.forbes.com › sites › lynnmucenskikeckHouse Passes Tax Relief Act With A Decisive Bipartisan Vote

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   Feb 1, 2024 · Based on the Congressional Budget Cost Estimate, the bill would reduce federal revenues by approximately $399 million over 10 years. As reference, the federal budget deficit totaled nearly $1.7...

7. www.reuters.com › world › usUS House backs $78 billion child, business tax breaks bill in ...

   www.reuters.com › world › us

   Feb 1, 2024 · WASHINGTON, Jan 31 (Reuters) - The U.S. House of Representatives on Wednesday overwhelmingly approved a $78 billion bipartisan package of tax breaks for businesses and low-income families that...