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Senate Republicans have successfully blocked a tax package aimed at expanding the Child Tax Credit and extending several business tax credits. The bill, which required 60 votes to advance, fell short with a procedural vote of 48-44.
The bipartisan tax bill had previously passed the Republican-led House earlier this year, signaling some initial cross-party support. However, Senate Republicans expressed significant concerns over the overall cost of the legislation, ultimately leading to its failure in the Senate.
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