Bipartisan $78 Billion Tax Deal Hits GOP Roadblock in US Senate.

Senate Republicans are likely to block a $78 billion tax-cut package, hoping to secure a majority in the upcoming election and pursue larger tax breaks for businesses. They are also reluctant to give President Joe Biden a victory on the legislation, which includes tax breaks for both businesses and families. The package, which has the support of the White House, easily passed the Republican-controlled House but is facing opposition in the Senate due to concerns about child tax credits. The bill is a top priority for business lobbyists, who are making a final push for Republican support. However, at least nine Republicans would need to support the bill to overcome an expected filibuster. The legislation is also facing challenges due to the Senate's schedule, which includes the impeachment trial of Homeland Security Secretary Alejandro Mayorkas. Advocates of the bill are urging Senate Majority Leader Chuck Schumer to take the risk of setting up a vote, which would force Republicans to vote against business interests. Without the tax package, expired tax breaks that the business community has been lobbying to revive will not be reinstated. [Extracted from the article]