Senate Republicans propose to cut trillions of dollars in taxes for households and businesses in their version of President Donald Trump’s signature economic package, a plan that comes at the expense of curbing health coverage for some low-income Americans and adding to US deficits.

State and local tax deductions on federal income tax forms would remain capped at $10,000 under a plan released Monday by the Republican-led Senate Finance Committee-a limit with significant implications for California taxpayers.