January 25, 2024: What will it take to pass the new bipartisan tax bill?

POLITICO Playbook Daily Briefing

When it was unveiled, the bipartisan tax deal brokered by Senate Finance Chair Ron Wyden (D-Ore.) and House Ways and Means Chair Jason Smith (R-Mo.) seemed like a layup — it expanded the child tax credit (a Dem priority) while offering relief to businesses (a GOP priority). But now, in the cold spotlight of simple congressional vote-counting, it faces a very real challenge: border politics. Can it actually pass? Tax policy reporter Ben Guggenheim walks Playbook co-author Rachael Bade through what has to happen to make it through the Congress.