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Senate tackles tax breaks

Senators will take their first major test vote today on a package of more than $80 billion in tax breaks, and the outcome is uncertain.

By Richard Rubin | Updated on May 15, 2014
Senate Finance Committee Chairman Sen. Ron Wyden, D-Ore. speaks with reporters about legislation to extend tax breaks on Wednesday, May 14, 2014, on Capitol Hill in Washington. (AP Photo)

May 15 (Bloomberg) — Senators will take their first major test vote today on a package of more than $80 billion in tax breaks, and the outcome is uncertain.

Republicans, who support many of the provisions in the bill, are complaining about Democrats’ refusal to allow them to offer amendments. Democrats say the bill must advance to prevent a tax increase.

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