Blue state Republican reps railed against rumored Senate plans to lower the state and local tax deduction (SALT) cap back down from the House-negotiated level of $40,000 back down to $10,000, its

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

The Senate needs 51 votes to pass the bill, which has already sparked opposition from moderate and conservative Republicans.

The Senate Republicans' tax bill favours US businesses and wealthy universities through tax deductions and credits, while low-income Americans face Medicaid and SNAP cuts. Clean energy providers and electric vehicle makers are also set to lose incentives.