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The Republicans are about to cut the top US tax rate and it makes no sense

Dan Kopf
The Republicans are about to cut the top US tax rate and it makes no sense

The Republican tax reform bill, which US president Donald Trump is likely to sign into law next week, would lower the federal top marginal tax rate from 39.6% to 37%. Given the current state of the US economy, no part of the bill makes less sense. The 37% rate was a last-minute surprise. In the…