For decades, Republican tax reform has meant cutting the tax rate on America’s highest earners. In the bill to be unveiled this week, House Republicans plan to keep the top personal rate at 39.6%, even as the corporate rate is chopped to 20% from 35%. It is a tacit admission of something the rest of the world has already concluded: It’s better to tax people than capital.

Source: Wall Street Journal November 01, 2017 16:39 UTC