Bloomberg Tax
May 24, 2023, 6:36 PM

SALT Cap Tweak, Child Tax Credit in the Mix for GOP Tax Package

Samantha Handler
Samantha Handler

The runup to House Republicans’ opening bid on a tax package shows some cracks among the caucus and insight into the new Ways and Means Committee chairman’s policy approach as lawmakers jockey for their priorities.

The committee will roll out an economic package in early June, after the debt limit crisis has been resolved, lawmakers said. A research and development tax break, full bonus depreciation, and the interest expense deductions under tax code Section 163(j)—all of which expired at the end of last year—are expected to be included, said Rep. Kevin Hern (R-Okla.), a member of the committee.

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