Senators Lee and Rubio look like they are willing to compromise to get their child tax credit plan passed. You'll recall that their plan would allow working class families who pay taxes, but who cannot get the child income tax credit, to still get a tax credit based on their payroll taxes. Their plan does not apply to people on government assistance.
They were going to pay for it based on reducing the corporate tax rate from 39% to 22% instead of to 20% They are signaling they are willing to find a different mechanism. This is a a pro-family plan the GOP should support in the Senate.
From Senator Rubio's office:
“Currently, our amendment would offset the additional middle class relief with a slight increase in the corporate tax rate. We support that pay-for and believe it gives our amendment a good chance to pass on the floor with bipartisan support. But as we have said all along, we are open to alternative offsets that would preserve the 20% corporate rate, which we support as much as our Republican colleagues. We continue to welcome any effort by Finance Committee members and Republican leaders to help us identify other pay-fors to offset an expansion of the child credit.”
I'm hearing they may use an offset in the estate tax instead of the corporate tax, which would actually be very reasonable and could probably get them some extra votes in the Senate. You can call your Senator to support the plan by texting CREDIT to 52886.