By MARK HALL, Associated PressWASHINGTON (AP) The Senate is poised to pass its tax overhaul, but Democrats are warning it could cause major problems in the months and years ahead.
Senate Democrats have a plan to replace the estate tax and the alternative minimum tax, but it won’t come to the floor until a few weeks after President Donald Trump signs it.
The plan would likely be complicated, but Senate Democrats have been trying to strike a balance with Republican support and they say it would help the economy.
They want to keep the top rate at 35 percent, which they say is the best rate available.
But they want to make sure it’s indexed to inflation and doesn’t get too high.
Republicans are skeptical of that idea, pointing to the high cost of health care for many people.
They say the Senate tax plan would make the tax code more regressive and would make it more expensive for middle-class families to afford their health insurance.
Democrats argue that a simpler tax system would make people more able to spend.
