Found a real good article on how to setup your Visual Studio Code Editor to debug React JS App.
On a high level here is what needs to be done:
1. Install the Debugger for Chrome extension.

2. Configure the Chrome Debugger
Create a launch.json file in a new .vscode folder in your project which includes a configuration to launch the website.
Your launch.json should look like this:
{
"version": "0.2.0", "configurations": [
{
"type": "chrome",
"request": "launch",
"name": "Launch Chrome against localhost",
"url": "http://localhost:3000",
"webRoot": "${workspaceFolder}"
}
]
}
3. Ensure that your development server is running (“npm start”).
4. Put a break point in your code as needed and hit “F5” to start debugging.
A more detailed tutorial is available here
