The Senate Committee on Finance argues that its proposal of changes to the bill "prevents the largest tax hike in history."

U.S. Senate Republicans on Monday unveiled proposed changes to President Donald Trump's sweeping tax-cut and spending bill that would make some business-related tax breaks permanent while making more limited the deduction for state and local income taxes,

Senate Republicans have released their version of the tax legislation. It included some significant changes from the House version of the tax bill.