A tax overhaul plan drawn up by Republicans in Congress will be a good deal for many households though not every one, or nearly every one, as promised by its authors.
And over time, the number of those on the lower rungs of the nation’s salary ladder who benefit will shrink while the number of those at the top — as well as the largest corporations — will not.
It’s a trickle-down equation Democrats insist does not add up. But if computed with fewer variables and different integers, they argue it could result in a greater number of households saving a few dollars now and in the future.
That’s the point two wonky Democratic lawmakers from Washington have been trying to impress upon colleagues ahead of expected votes in the House Thursday and in the Senate after Thanksgiving.
U.S. Rep. Suzan DelBene, whose First Congressional District includes a swath of both Snohomish and King counties, and Sen. Maria Cantwell sit on the tax-writing panels in their respective chambers. In separate hearings this past week, they sought to highlight the bill’s financial and political, fault lines in questioning of Thomas Barthold chief of staff for the nonpartisan Joint Committee on Taxation.
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