Business, Child Tax Breaks Hit Republican Roadblock in US Senate

Senate Republicans are poised to sink a $78 billion tax-cut package, gambling that they’ll win the majority in November and can push then for bigger breaks for business.

They also don’t want to hand President Joe Biden an election-year victory on the legislation, which includes both child and business tax breaks, lawmakers and aides have said.

The package, the top business lobbying objective this year, easily passed the Republican-controlled House in January on a bipartisan 357 to 70 vote. It also has White House support.

Senate Minority Leader Mitch McConnell

Photographer: Ting Shen/Bloomberg

But Senate Republican leader Mitch McConnell supports efforts to block the package, as ...