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20% Chance of Senate Approval for Bigger Child Tax Credit in Next Month: Experts Warn Time is Running Out for Families and Businesses!

Bipartisan Child Tax Credit Bill Stalls 

Supporters Urge Senate Action

According to Market Watch, a bipartisan bill aiming to make the child tax credit bigger is still waiting for the U.S. Senate to do something about it. Despite the House giving it a big thumbs-up more than two months ago with a 357-70 vote it’s stuck in the Senate.

Experts think there’s a small chance around 20% that the Senate will say yes to the child tax credit bill in the next month. But if they don’t do anything in that time the chances drop to almost nothing. This uncertainty is stressing out supporters of the bill who want to see the child tax credit increase. Families and businesses are left waiting anxiously to see if they’ll get the financial help they need.

READ ALSO: $1 Billion IRS Owes In Refunds To 940,000 Taxpayers For 2021 – Claim Yours By May 2024!

20% Chance of Senate Approval for Bigger Child Tax Credit in Next Month: Experts Warn Time is Running Out for Families and Businesses! (PHOTO: X.com)

Families and Businesses Await Senate Action

Furthermore, as time ticks by without Senate action, the urgency intensifies for families and businesses counting on the potential benefits of the child tax credit bill. With Tax Day coming and gone the delay in Senate proceedings adds to the uncertainty and anxiety surrounding the fate of the child tax credit expansion and other business-related breaks. Supporters continue to watch closely hoping for progress and relief shortly.

READ ALSO: 20% Tax Break For Big Companies: Missouri Lawmakers Aim To Boost Investment With $1 Billion Spending, 500 Job Creation – What To Know!

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