Bloomberg Tax
December 20, 2022, 7:53 PM UTC

Business, Child Tax Credit Gridlock Dims 2023 Extender Chances

Samantha Handler
Samantha Handler
Reporter

The outlook for tax provisions left out of this year’s spending package is dim for 2023, as gridlock over a deal on an expanded child tax credit and business provisions casts a shadow over the potential for any other tax measures to pass.

Republicans have already said they’re turning to next year to extend or make permanent some key business tax breaks, including one for research and development costs and more favorable rules for interest expenses and capital expenditures. Some Democrats are staying firm that they won’t give businesses tax breaks without an expanded child tax credit.

With both sides ...

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