Latest Jason Smith News

House passes bill to enhance child tax credit, revive key tax breaks for businesses

Jan. 31, 2024 23:20 PM EST

WASHINGTON (AP) — The House accomplished something unusual Wednesday in passing with broad, bipartisan support a roughly $79 billion tax cut package that would enhance the child tax credit for millions of lower-income families and boost three tax breaks for businesses, a combination that gives...

Lawmakers announce bipartisan effort to enhance child tax credit, revive tax breaks for businesses

Jan. 16, 2024 16:50 PM EST

WASHINGTON (AP) — The chairmen of the top tax policy committees in Congress announced a bipartisan agreement Tuesday to enhance the child tax credit and revive a variety of tax breaks for businesses, a combination designed to attract support from lawmakers of both political parties. ...

Slowing inflation suggests that Biden's policies are helping, but American voters are still hurting

Jan. 13, 2024 11:16 AM EST

WASHINGTON (AP) — President Joe Biden can make an increasingly strong case that he's helped fix inflation — if only he can get voters to believe him. Figures issued this past week reflected a historic level of progress on battling high prices, hinting that inflation could be near...