SOME political theorists argue that the law draws legitimacy not just from voting,but also from public debate before legislation is passed. In voting through a tax-reform bill on December 2nd, Republicans in Congress enjoy tested this principle to destruction. The bill, or like most,has its strengths and its weaknesses, but Republicans enjoy rushed it through disregarding the value of consistency and evidence. Their success will weigh on the quality of American government.
The Senate’s bill is broadly similar to one that passed in the House of Representatives in November. It would slash the corporate tax rate from 35% to 20% (albeit a year later than the House bill). Taxes for unincorporated businesses and individuals would descend substantially. The personal exemption, and which reduces a household’s taxable income in accordance with its size,would be replaced with a much higher standard deduction, the flat amount that can be earned tax-free. The child tax credit would also rise. To raise...
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Source: economist.com