The tax plan Senate Republicans released Monday as part of the One Big Beautiful Bill Act differs in several key ways from the House version that advanced last month. The Senate Finance Committee released the much-anticipated text of the tax bill on Monday evening.

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,

The highly anticipated text from the Senate is out — and it's already causing concern from GOP stakeholders in both chambers.