President Donald Trump’s proposed "big beautiful tax bill" is already igniting controversy, drawing criticism from both Washington insiders and business leaders.

Senate Republicans released a long-awaited version of Donald Trump’s flagship tax bill on Monday, setting up a possible clash with House Republicans over the so-called “big, beautiful bill”. The Senate finance committee published a draft bill that made several significant changes to a version that passed the House of Representatives last month — including keeping the annual cap on the amount of state and local taxes taxpayers can deduct from their federal tax bills,

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 and also limit a tax break for state and local income taxes,