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A recent $78 billion tax deal endorsed by the U.S. House of Representatives encompasses an expanded child tax credit and various business tax breaks. The previous child tax credit's expiration led to a significant increase in poverty rates, prompting efforts to reinstate and broaden its scope. While Democrats push for a partial restoration, Senate approval remains uncertain. The proposed changes aim to make the credit more accessible to families with minimal income and non-biological caregivers, potentially benefiting millions of children and promoting socioeconomic equity.