(Washington, DC) -- Democratic Oregon Congressman Ron Wyden is announcing a bipartisan deal to expand the child tax credit and create a series of tax breaks for businesses. The deal between Wyden and Missouri Republican Jason Smith ends months of negotiating. It will enhance refundable child tax credits to try to provide relief to struggling families and those with multiple children. It'll also raise the tax credit's refundable cap and adjust it for inflation. In a statement, Smith said American families will benefit from this agreement that provides greater tax relief and creates jobs. Wyden said fifteen million kids from low-income families will now be better off because of this deal.