Rubio warns tax conference committee on child tax credit

Rubio warns tax conference committee on child tax credit
© Greg Nash

Sen. Marco RubioMarco Antonio RubioI'm furious about Democrats taking the blame — it's time to fight back The Hill's 12:30 Report: Djokovic may not compete in French Open over vaccine requirement Florida looms large in Republican 2024 primary MORE (R-Fla.) on Friday warned the House-Senate tax conference committee that there would be "problems" if they bump up the corporate tax rate above 20 percent but don't further expand the child tax credit.

"If #TaxReform conference weakens #ChildTaxCredit OR reduce corp cut but don’t make CTC refundable for working families, going to be problems," Rubio tweeted.

Rubio's tweet comes as Republicans weigh increasing the final tax bill's corporate rate above 20 percent. Doing so would be unpopular among many GOP lawmakers, conservatives and business groups, but could help to raise revenue to help pay for other tax cuts.

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A decision to adjust the corporate rate would come from the conference committee, which is expected to meet in the near future to reconcile the House and Senate tax bills.

Rubio and Sen. Mike LeeMichael (Mike) Shumway LeeSchumer ramps up filibuster fight ahead of Jan. 6 anniversary Juan Williams: The GOP is an anti-America party Manchin faces pressure from Gillibrand, other colleagues on paid family leave MORE (R-Utah) have been pushing for a more robust child tax credit for years. During the debate over the Senate bill last week, the pair offered an amendment that would have made the credit refundable against payroll taxes. But the amendment was shot down in part because it was paid for by ticking up the corporate rate.

Rubio and Lee are continuing to push for boosting the child tax credit. Earlier in the week, the Senate approved a motion from Rubio to instruct the conference committee to expand the the credit to at least $2,000 and have it benefit more low-wage parents. The Senate bill would increase the credit to $2,000, while the House bill would only increase it to $1,600.