GOP Reaches Compromise on Tax Bill

So far, so good.

House and Senate Republican leaders have reached an agreement in principle that would lower the corporate tax rate to 21 percent beginning in 2018, several people briefed on the plan said, a central component of the $1.5 trillion tax plan they hope to vote into law by next week.

The agreement would also lower the top tax rate for families and individuals from 39.6 percent to at least 37 percent, a change that would deliver a major tax cut for upper-income households.

I thought that the Moore defeat would raise the fear of Senate Republican defections would push the House to just pass the Senate version. I’m pleasantly surprised that not only does it look like the caucus is hanging together, but that what we know of the compromise looks better than expected.