Before 2018, the tax break — including state and local income and property taxes — was unlimited for filers who itemized deductions.

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 Senate Finance Committee released the long-awaited tax portion of its reconciliation bill on Monday, setting the stage for drawn-out negotiations with their House colleagues after changing several key provisions in the 549-page bill.