Bill Providing $78 Billion in Business, Child Tax Breaks Advances to House Floor

Rep. Jason Smith (R-Mo.), chairman of the House Ways and Means Committee, in a hearing titled “Ensuring that ‘Woke’ Doesn’t Leave Americans Broke: Protecting Seniors and Savers from ESG Activism” in Washington on Nov. 7, 2023. NTD

A House panel on Jan. 19 approved a bill that would provide $78 billion in business and child tax breaks, sending the measure to the chamber’s floor.

In a bipartisan 40–3 vote, the House Ways and Means Committee advanced the Tax Relief for American Families and Workers Act of 2024.