Senate and House Republicans' big beautiful spending bills could boost the child tax credit. Here's who could benefit.

A U.S. Senate panel proposed making the tax credit for capturing carbon emissions for recovering oil equal to the $85/metric ton tax credit for permanently burying those emissions underground, a boon for oil and gas producers.

The proposed bill would end EV tax credits for new and used vehicles in months. Leased EVs made outside North America would lose tax credits under the new bill. Revised versions of the bill may change the timeline before Senate approval.