Senate Panel Approves Plan, Dangers Lie Ahead: Tax Debate Update

Bloomberg’s Kevin Cirilli reports on Sen. Ron Johnson’s opposal of the tax reform bill. (Source: Bloomberg)
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House Republicans passed their tax-overhaul bill on Thursday as Senate tax writers sent their proposal to make individual breaks temporary and repeal a key part of the Obamacare law to the Senate floor. Here are the latest developments, updated throughout the day:

Republicans on the Senate Finance Committee voted Thursday night to approve a sweeping tax package, sending it to the full chamber for a vote that party leaders say could come as early as the week after Thanksgiving.