H.R. 7024, titled the "Tax Relief for American Families and Workers Act of 2024," aims to make several changes to the United States tax code. It proposes improvements to the child tax credit and provides incentives for economic growth through tax credits for research, innovation, and...
Simple Explanation
This bill wants to change some tax rules to help families with kids and to encourage businesses to spend money in good ways, like being kind to the earth. It also talks about special tax rules for people from Taiwan working in the U.S., and it makes some rules about how people can get help after big disasters.