GOP changes child tax credit in bid to win Rubio's vote

GOP changes child tax credit in bid to win Rubio's vote
© Greg Nash

The final Republican tax bill will increase the amount of the refundable child tax credit to $1,400, Rep. Kristi NoemKristi Lynn NoemTrump, GOP launch full-court press on compromise immigration measure Trump says he will sign executive order to end family separations Six takeaways from 2018's Super Tuesday MORE (R-S.D.) told reporters Friday, as leaders seek to win the vote of Sen. Marco RubioMarco Antonio RubioSunday shows preview: Questions linger over Trump-Putin summit Hillicon Valley: Trump's Russia moves demoralize his team | Congress drops effort to block ZTE deal | Rosenstein warns of foreign influence threat | AT&T's latest 5G plans On The Money: Trump 'ready' for tariffs on all 0B in Chinese goods | Trump digs in on Fed criticism | Lawmakers drop plans to challenge Trump ZTE deal MORE (R-Fla.).

The refundable amount was $1,100 in the Senate-passed tax bill, but Rubio on Thursday said that wasn't good enough. He has threatened to vote against the bill unless the refundable amount of the credit is increased.

It's unclear whether the change will be enough to satisfy him.

A spokeswoman for Rubio said they had not yet seen the text of the bill, but warned that unless the percentage of the refundable credit is significantly higher, Rubio's position would remain the same.

"Can only support bill if % of the 2K #ChildTaxCredit available to #workingclass parents is increased to % meaningfully higher than 55%," Rubio tweeted Friday morning.

Members of the House-Senate conference committee are gathering Friday morning to decide whether to sign onto the conference report on the tax bill.

The text of the compromise legislation is expected to be released later Friday.