House Tax Panel Chief Under Pressure to Offset Bill Costs (1)

House Ways and Means Committee Chairman Richard Neal (D-Mass.) said during a committee markup June 20 that he is committed to offsetting the cost of a bill (H.R. 3300) that would expand the earned income tax credit and child tax credit.

• His comments are a sign of the pressure he faces from lawmakers like Reps. Lloyd Doggett (D-Texas) and Brad Schneider (D-Ill.).
• The bill would expand the eligibility for and the amount of the earned income tax credit for taxpayers with no qualifying children. The child tax credit would be fully refundable for 2019 and 2020, according to ...