House Passes $78 Billion Business, Child Tax Break Bill

The House passed a $78 billion business and child tax break bill that would provide a boon for US companies with large capital and domestic research expenditures and hand President Joe Biden an election-year political victory.

The measure, which was approved by a vote of 357 to 70, now heads to the Senate where lackluster Republican support threatens to sink it over a provision that would allow some people with no taxable income to collect the child tax credit and other concerns.

Senate Republican leader Mitch McConnell has been silent on the bill and the top Republican tax-writer Mike Crapo ...