Backers Seek to Peel Off Housing Tax Credit for Separate Vote

Aug. 9, 2024, 5:02 PM UTC

A top Senate Finance Committee Democrat is making a move to break off a popular housing tax provision from the bipartisan business-and-child tax break package that failed to clear a test vote this summer.

Sen. Maria Cantwell (D-Wash.) introduced a measure last month that would expand the low-income housing tax credit, in an effort to spark congressional action in September or the lame-duck session.

The bill is one of the first substantial efforts by a Democrat to move tax legislation this year outside of the $78 billion bipartisan tax package negotiated by Senate Finance Chair Ron Wyden (D-Ore.) and ...

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