Democrats have reportedly now officially killed any chance of passing President Biden’s ambitious and massive ‘Build Back Better’ reconciliation bill.
The Details: The development means the 2 Trillion dollar bill will be delayed at least until next year and also increases the chance that it may ultimately never be passed.
Though most of the measures in the bill wouldn’t have taken effect for months or years, the move will likely delay expanded child tax credit payments, which officially expired on Wednesday. The IRS had originally requested that the bill be enacted before December 28th.
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