GOP Wins Rubio Vote After Adding an Increase to Child Tax Credit – Tax Bill Full Speed Ahead
GOP leaders have finally settled on a tax bill that will grant major tax breaks to low and middle income Americans by reducing various benefits granted to higher earners.
With the tax bill now set in stone, it appears that the GOP may achieve their legislative goal. In a bid to speed up the process and ensure a victory, the Republicans agreed to grant a more generous child tax credit in the final bill, an appeal to Senator Marco Rubio who said he would not vote for the legislation unless more low income Americans were to benefit.
For far too long, Washington has ignored and left behind the American working class. Increasing the refundability of the Child Tax Credit from 55% to 70% is a solid step toward broader reforms which are both Pro-Growth and Pro-Worker.
— Marco Rubio (@marcorubio) December 15, 2017
A Rubio spokeswoman told the New York Times that the Senator would be voting “yes” on the tax bill, which will allow families that owe zero federal income taxes to still claim up to $1,400 of the allotted $2,000 child tax credit, which is up $300 from the previous number.
Done deal: Rubio to support tax bill, making it almost certain it will become law next week
— Manu Raju (@mkraju) December 15, 2017
Rubio’s vote is almost a guarantee for the GOP who will walk away from this bill with a major victory if they can lock it in for next week. It was also reported by Fox News on Twitter not long after the news about Rubio’s vote came out that Senator Corker would also be voting “yes” on the tax bill:
— Fox News (@FoxNews) December 15, 2017