Republicans unveil nearly $6 trillion tax cut

President Donald Trump steps off Air Force One after arriving, Wednesday, Sept. 27, 2017, in Indianapolis. (AP Photo/Darron Cummings)

WASHINGTON (AP) — President Donald Trump and congressional Republicans have unveiled the first major revamp of the nation’s tax code in a generation.

The sweeping, nearly $6 trillion tax cut would deeply reduce levies for corporations, simplify everyone’s brackets and nearly double the standard deduction used by most Americans.

Trump declares the plan would provide badly needed tax relief for the middle class, but there are too many gaps in the proposal to know how it actually would affect taxpayers.

There are also major questions about how it would be paid for and how much it might add to the soaring $20 trillion national debt.