The US House approved a bill to further child tax credit, extend some business tax credits

<p>This is effectively more economic stimulus, around $79 bln in tax benefits:</p><ul><li> makes it easier for more families to qualify for the child tax credit, while increasing the amount from $1,600 per child to $1,800 in 2023, $1,900 in 2024 and $2,000 in 2025</li><li>bill also includes some revived tax cuts for businesses, like research and development deductions</li></ul><p>The legislation passed the House in a 357 to 70 vote, far surpassing the two-thirds majority it required. In the sharply divided world of US politics this is a near landslide in favour. </p><p>The measure now heads to the Senate.</p><p><a href="https://www.cbsnews.com/news/house-vote-tax-bill-child-tax-credit-business/" target="_blank" rel="nofollow">More here </a></p>

This article was written by Eamonn Sheridan at www.forexlive.com.