Kevin Hassett points out that 87 percent of the revenue it raises “would come from individuals with incomes of less than $200,000.” To be precise, that’s from a Joint Tax Committee estimate of an earlier version of the bill, but there is no reason to think that the changes made since then should “change the basic thrust of the story.”
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About the Author
Ramesh Ponnuru is the editor of National Review, a columnist for the Washington Post, and a fellow at the American Enterprise Institute.
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