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Republicans Reconsider Tax Cuts for the Wealthy

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“Republicans are discussing an idea that has long been anathema within the party: a tax hike on the wealthy,” NBC News reports.

“In a twist, members of the GOP are debating whether to allow tax rates to go up on top earners when major parts of the 2017 tax law expire at the end of this year as part of a massive bill to pass President Donald Trump’s agenda.”

Said Sen. Kevin Cramer (R-ND): “It’s just so fun to be a Republican these days, just to watch the transformation, where suddenly people are going — when you think about it, why do we worry so much about that?”

He added: “So whether it’s allowing them to go up a little bit or even lowering some of the other stuff more — there’s a populism growing in the party, even among those of us with powdered wigs.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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