A $78 Billion Business and Child Tax-Break Bill Advances in US House
- Boeing, General Motors, Amazon.com, Microsoft would benefit
- Fate of breaks unclear given silence from Republican leaders
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Congress moved one step closer to enacting $78 billion in business and child tax breaks Friday, although election-year politics add risk to the legislation’s prospects.
The House tax-writing committee approved the compromise bill with a strongly bipartisan 40 to 3 vote.