The new agreement would provide smaller benefits than the monthly payments under the American Rescue Plan.
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Republicans were motivated to revive some expired portions of the 2017 Trump tax cuts for businesses. The deal includes expensing for research and experimental costs, restoration of an earlier interest deduction, an expansion of small-business expensing and an extension of bonus depreciation, according to a section-by-section summary released by the Ways and Means Committee.
So we’re gonna restart a bunch of Trump’s tax policies that made it easier for rich people to defraud tax collectors while only bringing back a fraction of the assistance we had been providing to children in poverty? What a great victory for the American people /s