Bill 119 HR 782, also known as the "Hiring Incentives and Child Tax Credit Permanency Act," aims to make changes to the Internal Revenue Code of 1986. The bill proposes the establishment of a tax credit for businesses that hire critical employees, in an effort to incentivize job creation and economic growth.
Additionally, the bill seeks to make certain provisions related to the child tax credit permanent. This includes ensuring that families continue to receive the tax benefits associated with the child tax credit, providing financial support to parents and guardians raising children.
Overall, Bill 119 HR 782 aims to support both businesses and families through changes to the tax code. By providing incentives for job creation and ensuring continued support for families with children, the bill seeks to promote economic stability and prosperity in the United States.