Congressional negotiators are close to reaching an agreement to expand the federal child tax credit, which, if it becomes law, would make the program more generous, primarily for low-income parents, as soon as this year.
No agreement has been formally announced by Senate Finance Chairman Ron Wyden (D-Ore.) and House Ways and Means Chairman Jason T. Smith (R-Mo.), who have been trying to reach a deal for months. The path to passage for any bill remains uncertain, especially since House Republicans may be reluctant to give President Biden even a partial victory on one of his top domestic economic policy priorities: bringing back something like the expanded child tax credit that was a centerpiece of his 2021 Americana plan. .