House passes $78 billion tax bill expanding child tax credit and boosting US manufacturing

The House of Representatives has passed a major bipartisan tax deal with new breaks for businesses as well as an expansion of the child tax credit.

Elizabeth Elkind is a reporter for Fox News Digital focused on Congress as well as the intersection of Artificial Intelligence and politics. Previous digital bylines seen at Daily Mail and CBS News.

Speaker Mike Johnson, R-La., gave the bill his blessing hours before the final vote. Follow on Twitter at @liz_elkind and send tips to elizabeth.elkind@fox.com

"The Tax Relief for American Families and Workers Act is important bipartisan legislation to revive conservative pro-growth tax reform. Crucially, the bill also ends a wasteful COVID-era program, saving taxpayers tens of billions of dollars," Johnson said in a statement.