The Corner

Politics & Policy

Corporate Tax Rates at 21 Percent?

The House and Senate versions of the tax bills lower the corporate tax rate from 35 to 20 percent. Two weeks ago, most Senate Republicans opposed an amendment to change the rate to 20.94 percent in order to provide payroll-tax relief to parents. Moving away from 20 percent was supposedly an attack on economic growth, a betrayal of a solemn commitment by the party, a step on a slippery slope toward confiscatory corporate taxes.

Now congressional Republicans, according to multiple reports, are coming around to a 21 percent corporate tax rate. The extra money won’t be used to provide tax relief to the lower middle class, or even to soften the blow of losing the state-and-local tax deduction for households making between $100,000 and $500,000 a year. Instead it will go to reduce tax rates for singles making more than $500,000 and couples making more than $1 million.

In other news, Republicans remain baffled by why their bill is unpopular.

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

Most Popular

Education

Husband of Sen. Dianne Feinstein Admits to Helping Well-Connected Applicants Gain Admission to University of California: ‘No One Ever Told Me It Was Wrong’

The husband of Senator Dianne Feinstein (D., Calif.) admitted on Thursday to sending an inappropriate letter identified in a state audit that appeared to help an applicant to the University of California, Berkeley, get accepted to the school. The California State Auditor issued a scathing report on Tuesday ... Read More
Education

Husband of Sen. Dianne Feinstein Admits to Helping Well-Connected Applicants Gain Admission to University of California: ‘No One Ever Told Me It Was Wrong’

The husband of Senator Dianne Feinstein (D., Calif.) admitted on Thursday to sending an inappropriate letter identified in a state audit that appeared to help an applicant to the University of California, Berkeley, get accepted to the school. The California State Auditor issued a scathing report on Tuesday ... Read More
Law & the Courts

No, the Democrats Won’t Pack the Court

For many progressive opinion-makers, the only way to save the Supreme Court is to destroy it.   They believe the best response to the Republican-held Senate confirming a Trump nominee to fill Ruth Bader Ginsburg's seat on the Supreme Court is to pack the Court if Democrats win in November. Holding out the ... Read More
Law & the Courts

No, the Democrats Won’t Pack the Court

For many progressive opinion-makers, the only way to save the Supreme Court is to destroy it.   They believe the best response to the Republican-held Senate confirming a Trump nominee to fill Ruth Bader Ginsburg's seat on the Supreme Court is to pack the Court if Democrats win in November. Holding out the ... Read More
Politics & Policy

Limited Judgement

On the menu today: a long look at whether the country would be better off if Supreme Court justices were limited to 18 years on the highest court, a new survey shows the public turning away from the protesters, and a tweet from the New York Times reveals some remarkable skepticism. Does the Supreme Court Need ... Read More
Politics & Policy

Limited Judgement

On the menu today: a long look at whether the country would be better off if Supreme Court justices were limited to 18 years on the highest court, a new survey shows the public turning away from the protesters, and a tweet from the New York Times reveals some remarkable skepticism. Does the Supreme Court Need ... Read More
Education

Bring Civics Back to the Classroom

Margaret Thatcher once said, “European nations were made by history. The United States was made by philosophy. Unique among all nations, the United States knows precisely when and exactly why it was founded.” Today, that may be changing. Survey after survey shows that Americans have a dismally poor ... Read More
Education

Bring Civics Back to the Classroom

Margaret Thatcher once said, “European nations were made by history. The United States was made by philosophy. Unique among all nations, the United States knows precisely when and exactly why it was founded.” Today, that may be changing. Survey after survey shows that Americans have a dismally poor ... Read More