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Senate tax bill moves forward after key vote

The Senate on Wednesday evening voted 52-48 to start formal debate on the GOP tax bill.

Republicans can only afford to lose two votes on the final bill, and there are several GOP senators, including Susan Collins of Maine and John McCain of Arizona, who have not committed to vote in favor of it. A final vote is expected late Thursday or Friday. The bill aims to overhaul the tax code for the first time in 30 years.