A day after Raphael Warnock held onto his seat in Georgia’s Senate race, giving Democrats a 51-49 edge in the Senate, Democrats are hoping that momentum can...
A day after Raphael Warnock held onto his seat in Georgia’s Senate race, giving Democrats a 51-49 edge in the Senate, Democrats are hoping that momentum can quickly turn into a financial boost for parents and kids.
While businesses press for changes to the corporate tax code that would prevent research-and-development expensing rules from changing next year, supporters of the temporarily expanded child tax credit think they see an opening to revive the lapsed payouts. In a separate Wednesday press conference, Senate Majority Leader Chuck Schumer said “the child tax credit is something many of us are passionate about. And we would very much like to get it done.”
“Not a single serious election analyst we know believes that Republican candidate Herschel Walker has a chance of winning the runoff,” James Lucier, managing director at Capital Alpha Partners, said in a note a day ahead of Warnock’s win. “Republicans will need to rethink their categorical opposition to the [child tax credit],” he wrote, saying at one point the “door is opening for a robust tax-extenders package to pass by the end of the year.”On one hand, Democrats need to find common ground with Republicans.
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