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Rubio says he will support tax bill after getting concessions on child tax credit

"Increasing the refundability of the Child Tax Credit from 55% to 70% is a solid step toward broader reforms which are both Pro-Growth and Pro-Worker," Rubio tweeted.
 
Published Dec. 15, 2017|Updated Dec. 15, 2017

Washington tax writers say they have adjusted the sweeping legislation to improve the child tax credit, a demand of Sen. Marco Rubio.

Because of those changes, Rubio says he will support the tax bill — likely giving Republicans enough votes to pass the sweeping measure.

Rubio all but announced his support for the legislation on twitter.

Rubio's shoutout to Ivanka Trump is notable, as the two have developed a cozy working relationship in the past few months.

The tax package would double the per-child tax credit from $1,000 to $2,000. The bill originally made a portion of the credit — $1,100 — available to families even if they owe no income tax. Noem says that amount has been increased to $1,400. Rubio said he wanted the $1,100 figure increased, but he did not say by how much.

Low-income taxpayers would receive the money in the form of a tax refund, which is why it's called a "refundable" tax credit.

Background here.

The Associated Press contributed to this report.