NBC News reports:
Hours before House and Senate Republicans plan to release their joint tax bill on Friday, Sen. Marco Rubio, R-Fla., gave their efforts a boost after announcing his support in response to late changes to its child tax credit.
Rubio initially came out against bill on Thursday over reports that the deal would include a deeper tax cut for Americans making over $500,000, while leaving out his proposal to expand tax credits for low-income families.
The bill’s text will be released at 5:30 p.m., according to Ways and Means Chairman Rep. Kevin Brady, R-Texas. Few details of the legislation have been made public, giving Americans and lawmakers alike a short window to evaluate what Brady says is a 503-page bill.
For far too long, Washington has ignored and left behind the American working class. 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.
— Marco Rubio (@marcorubio) December 15, 2017
But there is still much more to do in the months and years to come. The progress made on the Child Tax Credit would not have been possible without the support of @SenMikeLee, @SenatorTimScott, and @IvankaTrump.
— Marco Rubio (@marcorubio) December 15, 2017