A Bad Idea for the Tax Conferees

Deroy Murdock argued on NRO yesterday that Republicans should change two provisions of the Senate bill, cutting corporate tax rates faster and expanding the child credit from $1,000 per child to $1,600 (as in the House) rather than $2,000. Robert VerBruggen has already responded by pointing out the counterintuitive effects that a faster corporate-rate reduction would have. Murdock writes Before anyone screams that this would let tungsten-hearted Republicans gleefully “hurl America’s children under the bus,” remember: Today’s per-child tax credit is $1,000, so inserting the House language into the final tax measure would increase by 60 percent the tax credit for “the
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Author: Ramesh Ponnuru