WASHINGTON—Senate Republican leaders left members from both ends of the party unsatisfied with their version of President Trump’s “big, beautiful bill,” touching off a fast round of new negotiations to hit their self-imposed deadline of putting the bill on his desk by July 4.

Senate Republicans have released their version of the tax legislation. It included some significant changes from the House version of the tax bill.

U.S. Senate Republicans' proposed changes to President Donald Trump's sweeping tax-cut and spending bill are expected to push U.S. debt levels higher, roughly in line with projections from the House-passed version,