Bipartisan Tax Deal Would Provide Boost to Businesses, Families

WASHINGTON—Top U.S. lawmakers unveiled a bipartisan tax settlement that may revive expired breaks for companies and improve the kid tax credit score for low-income households, and they’re aiming to push the $78 billion in tax breaks via Congress within the subsequent few weeks. 

The deal comes from Sen. Ron Wyden (D., Ore.) and Rep. Jason Smith (R., Mo.), ideological opponents who discovered frequent floor after months of talks however face challenges in advancing the plan additional.