House Passes Landmark Tax Relief Act: Boost for Small Businesses and Working Families
Published in
Feb 1, 2024
In a significant move, the House of Representatives has approved the Tax Relief for American Families and Workers Act, signaling crucial support for small businesses and working parents. This legislative push, backed by both parties, secures $600 billion in pro-growth and pro-worker tax policies, reviving key incentives from the 2017 Trump tax cuts. The legislation encompasses a range of measures, from research and development incentives to an enhanced Child Tax Credit, aiming to foster economic growth, job creation, and support for families grappling with rising prices.
