Magazine November 27, 2017, Issue

Fighting over the Scraps

Speaker of the House Paul Ryan introduces his new tax policy at the National Association of Manufacturers Summit in Washington, June 20, 2017. (Aaron P. Bernstein/Reuters)

I have it from Capitol Hill that “Republican” tax “reform” (already two-thirds of the way toward Voltaire’s summation of the “Holy” “Roman” “Empire”) will include the repeal of sundry deductions and credits. The beneficiaries of these sops are predictably, and perhaps understandably, unhappy, as they’ve made choices over many years with an understanding that their tax consequences would break one way and now they’re set to break another.

Many of the targets seem almost gleefully arrayed among the administration’s enemies, broadly construed: The haute bourgeoisie in high-tax coastal states and snooty graduate students seem to fare worst.

But other targets, like the

In This Issue



Books, Arts & Manners




The Many Names of the Entitlement State In “Cut the Payroll Tax” (October 16), James C. Capretta asserts: “Cutting it would encourage more people to join the labor force; it would ...
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