‘If It Doesn’t Work, Blame Us’
Brushing aside attacks from Democrats, GOP negotiators agree on a late change in the tax bill that would reduce the top individual income rate even more than originally planned.
For weeks, Republicans have brushed aside the critique—brought by Democrats and backed up by congressional scorekeepers and independent analysts—that their tax plan is a bigger boon to the rich than a gift to the middle class.
On Wednesday, GOP lawmakers demonstrated their confidence as clearly as they could, by giving a deeper tax cut to the nation’s top earners.
A tentative agreement struck by House and Senate negotiators would reduce the highest marginal tax rate to 37 percent from 39.6 percent, in what appears to be the most significant change to the bills passed by each chamber in the last month. The proposal final tax bill would also reduce the corporate tax rate from 35 percent to 21 percent, rather
