As House Republicans are teeing up a tax package for a floor vote (pending some issues over SALT relief that we’ll get to in a bit), proponents of restoring the expanded Child Tax Credit and immediate deductions for research and development for business are clearly starting to position themselves for negotiations that could occur in the Senate later this year.
If you followed last year’s negotiations over the end-of-year government spending bill, you would know that Democrats held firm over their ultimatum that there should be no R&D breaks for companies without the expansion of family relief that was enacted during the pandemic. And at the end of the day, neither side came close to offering a solution that could bridge the gap, creating frustration among pretty much everyone.
