PhotoThe higher child tax credit in the Senate tax plan avoids tax increases for 3.5 million families, compared to the less generous credit increase in the House plan. Democrats have criticized the decision to include mandate repeal in the tax bill. That money gave an opening to Mr. Lee, Mr. Rubio and Ms. Trump, who had worked together for months laying the groundwork for the child credit expansion. Neither Mr. Scott nor Mr. Lee would characterize their conversations with the president during that negotiating period, but Mr. Lee said there were several competing ideas for how to allocate the $300 billion. Mr. Trump would have likely seen his tax bill shrink considerably.

Source: New York Times November 29, 2017 17:26 UTC