Child tax credit vote

The U.S. Senate has blocked a bipartisan tax package aimed at expanding the child tax credit and providing business tax breaks, with a procedural vote of 48-44. Senate Majority Leader Chuck Schumer criticized Republicans for their opposition, framing it as partisanship rather than policy, while some Republicans insisted they prefer to wait for better leverage post-election. The bill, which had previously passed the House, was designed to help low-income families and stimulate business investment but faced significant GOP resistance, particularly from Senate Finance Committee ranking member Mike Crapo. Notably, vice-presidential candidate JD Vance did not vote, leading to critiques from Democrats who labeled his absence as neglectful. Schumer emphasized that the vote was a chance for voters to see which senators supported tax relief for families. The Senate's August recess begins following this vote, with the next session scheduled for September.