Breaking: Senate Says No on Rubio-Lee

by Jibran Khan

The Senate just voted to reject the Marco Rubio-Mike Lee child tax credit amendment to the GOP Senate Tax Bill by 71 to 29.

The amendment would have made the child tax credit refundable against the payroll tax, resulting in higher immediate take-home pay for parents. To fund this, the senators had proposed changing the 20 percent corporate tax rate in the Senate bill to 20.94 percent.

Debate on the Senate floor is ongoing and a vote is planned sometime tonight.

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