A Million-Dollar Mistake: A defensive GOP flirts with raising the top tax rate.
By WSJ,Oct. 27, 2017
House Speaker Paul Ryan has said tax reform will include a fourth tax bracket for millionaires above the top rate of 35% in the GOP framework, and now we hear it could be as high as 42%-44%. This bow to the lords of political envy would be a million-dollar mistake that undermines the purpose and much of the benefit of tax reform.