BREAKING: House passes bipartisan $78 billion dollar tax deal and here’s what it does AND who voted against it

The House of Representatives just overwhelmingly passed a tax bill by a vote of 357-70, putting a bill up under the suspension of the rules in exchange for having to get a 2/3rds vote.

Out of the 70 no votes, 23 were Democrat and 47 were Republican. (I’ve listed their names at the bottom of the post)

Here’s the report via Fox News:

The House of Representatives approved a major bipartisan deal to temporarily expand the child tax credit and revive a number of business tax breaks on Wednesday.

The $78 billion tax bill passed with wide support from both Democrats and Republicans, despite issues raised earlier this week by key factions on the right and left.

Speaker Mike Johnson, R-La., gave the bill his blessing hours before the final vote.

“The Tax Relief for American Families and Workers Act is important bipartisan legislation to revive conservative pro-growth tax reform. Crucially, the bill also ends a wasteful COVID-era program, saving taxpayers tens of billions of dollars,” Johnson said in a statement.

It’s now headed to the Senate, where Sen. Mike Crapo, R-Idaho, the top Republican on the Senate Finance Committee, previously called the bill a “starting point” in tax talks.

House GOP leaders opted to put up the bill under suspension of the rules, which bypasses a procedural hurdle known as a rule vote in exchange for raising the threshold for passage to two-thirds of the chamber rather than a simple majority.

Rule votes would traditionally fall across party lines; even lawmakers who oppose the legislation itself would vote along with their leadership to pass the rule.

Here’s more detail on what the bill does:

The tax deal would temporarily include a phased-in annual increase of the child tax credit’s maximum refundable amount from $1,600 until it hits $2,000 for 2025, its final year. It would also enhance child tax credit benefits for families with multiple children.

The child tax credit was expanded during the COVID-19 pandemic, but efforts by Democrats to make those changes permanent failed in the last Congress. In a win for GOP negotiators, work requirements remain in place to qualify for the child tax credit, despite calls from the left to do away with them.

It would also boost American businesses’ ability to expense research and development costs if it’s conducted inside the U.S. in a bid to incentivize new U.S. manufacturing.

Rep. Randy Feenstra, R-Iowa, a member of the Ways & Means Committee, argued the bill helped families in his rural Iowa district while keeping the U.S. competitive against China.

“This legislation includes provisions to build affordable homes in our rural communities, expand the child tax credit to help supplement the costs of raising a family, and lower taxes for hardworking Iowans,” Feenstra told Fox News Digital. “It also helps our farms, businesses, and manufacturers compete with China by allowing them to purchase needed equipment, invest in cutting-edge research and development, hire new employees, and keep their operations profitable.”

What do Republicans who voted ‘nay’ say about the bill?

 
Below is the list of Republicans who voted no on the bill:

Aderholt, Alabama
Banks, Indiana
Biggs, Arizona
Bishop (NC), North Carolina
Boebert, Colorado
Brechee, Oklahoma
Buck, Colorado
Burgess, Texas
Burlison, Missouri
Carl, Alabama
Cloud, Texas
Clyde, Georgia
Crane, Arizona
D’Esposito, New York
Davidson, Ohio
DesJarlais, Tennessee
Duncan, South Carolina
Fulcher, Idaho
Gaetz, Florida
Good (VA), Virginia
Gooden (TX), Texas
Gosar, Arizona
Green (TN), Tennessee
Hageman, Wyoming
Harris, Maryland
Joyce (PA), Pennsylvania
Kean (NJ), New Jersey
LaLota, New York
Lamborn, Colorado
Lesko, Arizona
Luna, Florida
Massie, Kentucky
Mast, Florida
Mills, Florida
Moore (AL), Alabama
Norman, South Carolina
Ogles, Tennessee
Palmer, Alabama
Perry, Pennsylvania
Posey, Florida
Rogers (AL), Alabama
Rosendale, Montana
Roy, Texas
Spartz, Indiana
Tiffany, Wisconsin
Wagner, Missouri
Waltz, Florida


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