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On Nov. 19, the U.S. House of Representatives passed the Build Back Better Act. The passed 220-213 and is now in the Senate for consideration. In a recent letter, Senate Majority Leader Charles Schumer told lawmakers to prepare for a busy remainder of the year. He has set a Christmas deadline for passing the Build Back Better Act. The timing is significant, since the proposal extends a key aid program, the expanded monthly child tax credit, that’s set to expire at the end of the year.
