Senate Tax Bill 2024 Update. Without action from congress, the child tax credit will shrink from $2,000 to $1,000 per eligible kid after 2025 once tax cuts enacted by former president donald. Wyden calls on senate to pass bipartisan tax bill, says kids & small businesses cannot wait on senate republicans as prepared for delivery it’s tax day.
The bill provides $2 billion—a $160 million increase over fiscal year 2024—for the department of the treasury (not including the. Tax notes capitol hill reporters cady stanton and doug sword discuss the roadblocks the tax relief for american families and workers act is facing in the senate.