WASHINGTON—Senate Republicans introduced their own tax plan, which has some significant differences compared to the House version approved by the Ways and Means committee. The differences raise uncertainty about Congress’ ability to meet its year-end deadline to overhaul the U.S. tax code.
The Senate is expected to vote for the bill after Thanksgiving. If the House and the Senate pass different versions of the bill, a conference committee will draft a compromise bill that both houses can accept.
