Tag: Business investment deductions

U.S. Lawmakers Navigate Budget Dilemma, Weighing Child Tax Credit and Business Deductions

Jan 22, 2024

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by

Roselyn Sarita

in Finance

As U.S. lawmakers work towards averting a government shutdown reports indicate a potential bipartisan agreement on a separate deal. This deal proposes restoring President Joe Biden‘s 2021 expansion of the child tax credit exchanging it for the reinstatement of business investment deductions. Despite the expected addition of at least $100 billion to the budget deficit…