Negotiators dig in over tax credits in spending bill

Tax credits for individuals and businesses are up for grabs as negotiations on a year-end spending deal come down to the wire. The possible credits range from an expansion of the child tax credit (CTC), which was beefed up during the pandemic and ate away at child poverty rates in the U.S., to incentives for companies to invest more in research.Negotiators on both sides of the aisle say they’re working on tax provisions and that getting a spending deal done is a high priority before a