, Columnist
Look for Republicans to Backtrack on Taxes
The House starts writing its tax-cut bill on Monday. That means navigating political land mines.
Not so fast.
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Republicans will start grappling this week with their political miscalculations in focusing their tax-cut plan on corporate and wealthy taxpayers while proposing to eliminate some tax breaks that help families and struggling Americans. Look for some of them to start backtracking.
The $1.5 trillion proposal released last week would slash taxes for most corporations and more affluent Americans. It also would end the tax credit for adoptions, the write-offs for unusually high medical expenses and incentives to encourage tests to develop drugs for rare diseases.