Bipartisan child tax credit plan would cost $645 billion if made permanent: Analysis

The bipartisan child tax credit and business tax legislation set to advance this week would cost nearly $650 billion over a decade if its provisions were made permanent, according to a new analysis.

The bill is written so that its tax cuts sunset in 2025, but if they were instead made permanent, it would cost $645 billion through 2033, according to the Committee for a Responsible Federal Budget, an outside group that advocates lower deficits.