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Bipartisan Tax Bill Passed by House


On Wednesday, January 31st, the House of Representatives passed a tax package that will now be considered by the Senate.  The bill was adopted by a vote of 357 to 70.  Important provisions in the tax bill are an extension of child tax credits to low-income families with collectively 16 million children. It is estimated that this provision would especially benefit close to 500,000 minors currently living in families below the poverty line.


The bill also restores business tax benefits that will ultimately stimulate the economy.