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, commonly known as “Salt”, at the current level of $10,000.

That stands in stark contrast the House bill, which raised the Salt cap to $40,000 a year. The House proposal would amount to a significant tax break for homeowners in states with the highest property tax rates including New York, New Jersey and California.