A few days ago, Representative Paul Ryan of Wisconsin waded into a debate among his fellow Republicans about how they should think about tax policy. His words carry weight among Republicans: They almost universally respect his judgment on economic policy, and partly as a result have decided to make him chairman of the tax-writing committee of the House should they keep control of it in November’s elections.
Some Republicans, notably Senator Mike Lee of Utah, have argued that the party’s perennial focus on cutting marginal tax rates should be complemented by a revival of its occasional interest in tax relief for parents. Lee has proposed a plan that reduces the top tax rate to 35 percent and also expands the tax credit for children.
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