A bipartisan, bicameral $70 billion tax agreement taking shape on the Hill is drawing mixed reviews, pointing to potential challenges ahead for Senate Finance Chair Ron Wyden and Ways and Means Chairman Jason Smith.
The tentative agreement would devote equal resources to reviving a trio of business tax breaks and increasing the child tax credit available to families with little taxable income. While many lawmakers praised portions of the framework, some are pushing for Congress to do more and others are raising issues with the plan to pay for the package.
Wyden, D-Ore., said Thursday he was continuing conversations with Smith, R-Mo., and was working to bring Finance ranking member Michael D. Crapo, R-Idaho, on board.
