January 31, 2024

The Hill: Tax Deal Likely Much More Expensive than Official Estimate, Experts Warn

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A tax deal that includes business deductions and a bump in the child tax credit (CTC) could come to a vote in the House as soon as this week.

But the deal’s $78 billion price tag, which is covered by the cancellation of a different business tax credit, likely obscures the bill’s true cost in the hundreds of billions of dollars.

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