Politics & Policy

The Corner

A Big, But Fixable, Problem with the GOP Tax Framework

How many middle-class families get a tax cut and how many get a tax increase from the new Republican tax-reform framework released today depends on some details it doesn’t provide.

The relevant parts of the plan 1) increase the standard deduction to $24,000 for married couples, 2) increase the child credit by an unspecified amount, 3) raise the lowest marginal tax rate from 10 to 12, and 4) eliminate the personal and dependent exemptions. How it nets out depends on a particular household’s configuration and the ultimate answer to 2. It’s a pretty big detail to leave out. It determines how much middle-class tax relief the plan offers, and whether the plan has a pro-family element. As I pointed out in recent testimony before the Senate Finance Committee, the child credit would have to increase at least $600 per child to offset the elimination of the dependent exemption.

I would have vastly preferred if the framework had said that the child credit will increase by at least $1,000. And I think Republicans would be having a better rollout today if it had. Republicans have plenty of time to fix this problem. Recognizing it and committing to solving it would be a good start.

Ramesh Ponnuru — Ramesh Ponnuru is a senior editor for National Review, a columnist for Bloomberg View, a visiting fellow at the American Enterprise Institute, and a senior fellow at the National Review Institute.

Most Popular

Culture

Courage: The Greatest of Virtues

EDITOR’S NOTE: The following is Jonah Goldberg’s weekly “news”letter, the G-File. Subscribe here to get the G-File delivered to your inbox on Fridays. Dear Reader (Or Listener), As the reporter assigned the job of writing the article about all of Sidney Blumenthal’s friends and supporters told his ... Read More
Immigration

My American Dream

This morning, at 8 a.m., I did something I’ve wanted to do for as long as I can remember: I became an American. I first applied for a visa in early 2011, and since then I have slowly worked my way through the system — first as a visa-holder, then as a permanent resident (green card), and, finally, as a ... Read More
U.S.

The Gun-Control Debate Could Break America

Last night, the nation witnessed what looked a lot like an extended version of the famous “two minutes hate” from George Orwell’s novel 1984. During a CNN town hall on gun control, a furious crowd of Americans jeered at two conservatives, Marco Rubio and Dana Loesch, who stood in defense of the Second ... Read More