Tax Reform Bill Sees Republican Kevin Brady-Proposed Changes Passed


House Republicans approved still more changes to their tax-cuts bill Monday, limiting a new tax increase on private colleges and universities to only the wealthiest schools and altering the way investment managers are taxed as GOP leaders try to build consensus among their members.

On a 24-16 vote, the Ways and Means Committee late Monday approved an amendment with the changes proposed by Rep. Kevin Brady, Texas Republican and the panel’s chairman.

Mr. Brady, though, did brush aside calls from some Republicans to tackle Obamacare-related items as part of the tax overhaul, saying he’ll take that up “separately and immediately” after they’re done with taxes.

It’s unclear whether …

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