Sen. Marco Rubio (R-Fla.) could complicate things for the Republicans as they try to pass their tax overhaul, having told reporters on Thursday he won’t support the legislation unless it increases the refundable portion of the child tax credit.
Senate and House Republicans say they have reached an agreement on a tax bill, which lowers the corporate tax rate to 21 percent and top individual tax rate from 39.6 to 37 percent, and are just ironing out the final details. As it stands now, the bill sets the child tax credit at $2,000 per child, and Rubio wants it to be refundable against both payroll and income taxes. He “can’t in good conscience support” the legislation unless this happens, Rubio said, adding, “There’s a way to do it, and we’ll be very reasonable.” Sen. Mike Lee (R-Utah) has said he agrees with Rubio on the child tax credit issue.
The GOP can only afford to lose two votes in the Senate, but several GOP aides and lawmakers told Politico they believe Rubio will come around before a final vote, which they hope happens next week. “The goal is to get a $2,000 per child tax credit with a significant portion of that to be refundable,” Sen. John Cornyn (R-Texas) said. “I think Sen. Rubio would like to see us do a little more and we’re trying to work with him.”