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 touts 'BIG FIREWORKS' returning to Mt. Rushmore for July 4 American Indian tribe bans GOP governor from reservation over opposition to Keystone protestors New governors chart ambitious paths in first 100 days MORE (R-S.D.) told reporters Friday, as leaders seek to win the vote of Sen. Marco RubioMarco Antonio RubioHillicon Valley: Trump takes flak for not joining anti-extremism pact | Phone carriers largely end sharing of location data | Huawei pushes back on ban | Florida lawmakers demand to learn counties hacked by Russians | Feds bust 0M cybercrime group Huawei says inclusion on US trade blacklist is in 'no one's interest' Frustrated GOP senators want answers from Trump on Iran 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.