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.

Republicans who control the U.S. Senate Finance Committee unveiled changes to President Donald Trump's sweeping tax-cut and spending bill on Monday that would make business-related tax breaks permanent while modifying Medicaid reforms and a new federal deduction for state and local taxes.

WASHINGTON — Senate Republicans on Monday unveiled a draft of their vision for key tax and spending cuts, setting up an intra-party conflict over legislation enacting President Donald Trump’s agenda.