Senators vote down Rubio-Lee child tax credit expansion

Senators vote down Rubio-Lee child tax credit expansion
© Greg Nash
Senators on Friday night voted down a closely watched amendment to the GOP tax-reform bill from Sens. Marco RubioMarco Antonio RubioNYT says it was unfair on Haley curtain story Rubio defends Haley over curtains story: Example of media pushing bias House lawmakers urge top intel official to probe national security threat of doctored videos MORE (R-Fla.) and Mike LeeMichael (Mike) Shumway LeeOvernight Health Care: Opioid legislation passes overwhelmingly | DOJ backs Cigna-Express Scripts merger | Senate passes ban on pharmacy gag clauses US military intervention in Venezuela would be a major mistake The Hill's 12:30 Report — Obama jumps into midterm fight with speech blasting Trump | Trump wants DOJ to probe anonymous writer | Day four of Kavanaugh hearing MORE (R-Utah) that would expand the child tax credit.
The amendment, which received criticism from both Republicans and Democrats, would make the child tax credit refundable to payroll taxes and would pay for it by raising the bill's corporate tax rate from 20 percent to 20.94 percent.
The amendment went down on a procedural vote of 29-71 on Friday night, with several lawmakers from both sides of the aisle siding with Rubio and Lee.
Rubio and Lee have been pushing for a more robust child tax credit for years, and their efforts have been supported by first daughter and White House adviser Ivanka Trump.
A number of conservative groups, as well as the National Association for Manufacturers, opposed the amendment because it would increase the corporate rate compared to the current version of the bill.
Rubio pushed back on the criticisms of his amendment, saying it was "ridiculous" to argue that a slightly higher corporate rate would be problematic.