Dave Brat

Conservatives lament retention of top tax rate in GOP plan, but the wealthy still reap big benefits

Conservatives lament retention of top tax rate in GOP plan, but the wealthy still reap big benefits

The decision by House Republican leaders to retain the current top individual tax rate disappointed conservatives who have been gunning for it ever since the 39.6% bracket was reinstated under the Obama administration four years ago.

But while Republicans backtracked on a vow to reduce the rate to 35%, experts said there is still plenty in the party’s tax overhaul bill — including a repeal of the estate and alternative minimum taxes — that would make the richest Americans the overall winners.

“The wealthy are going to do fine,” said Maya MacGuineas, president of the nonpartisan Committee for a Responsible Federal Budget. “This is not even asking them to pay more. This is...

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