Republicans finish US tax Bill, will release details later in day
2017-12-16 09:56:34 source：Straitstimes
December 16, 2017
WASHINGTON (REUTERS) - Republican negotiators in the US Congress put the finishing touches on a sweeping tax overhaul and will release the details later on Friday (Dec 15), including plans for an expanded child tax credit aimed at winning the support of two wavering senators.
Representative Kevin Brady, chairman of the tax-writing House Ways and Means Committee, told reporters that Republican negotiators on a House-Senate committee working on the Bill had signed the finished product and the details would be published when the full House convenes at 5.30pm EST (6.30am on Saturday, Singapore time).
One of the negotiators, Republican Representative Kristi Noem, said the refundable portion of an expanded child tax credit in the revamped Bill rises to US$1,400 (S$1,800) from US$1,000, an apparent bid to win support from Republican Senators Marco Rubio and Mike Lee.
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