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.
"If you don't renew that provision, the research and development credit, in effect, today, the Senate will be voting to raise taxes on innovation," Senate Finance Committee Chairman Ron Wyden, an Oregon Democrat, said on Bloomberg Television.
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