Misguided tax reform

Washington Post: The House of Representatives plans to take up a bill this week that would provide new tax breaks to families earning as much as $309,000, while doing next to nothing for those at the low end of the income scale. The bill is the most egregious part of a House tax-cutting spree that altogether would add more than $500 billion to the deficit over the next 10 years, according to estimates by the Urban Institute-Brookings Institution Tax Policy Center.
The House would not only make permanent the $1,000-per-child tax credit enacted as part of the 2001 tax cut but would dramatically increase the income limits for eligibility. Currently, married families with incomes of up to $110,000 receive the full credit; the bill would more than double the income ceiling, to $250,000. Under existing law, families with two children and incomes up to $149,000 receive a partial tax credit; the bill would make that partial credit available to families with two children and income of between $250,000 and $289,000; families with three children would be entitled to the partial credit up to an income of $309,000.
Irresponsible
This is unnecessary, misguided and irresponsible. Families at that income level have already enjoyed significant benefits from the recent tax cuts; they don't need an extra subsidy to help support their children.
House Republicans have the gall to propose all this -- and many House Democrats don't seem to have the spine to oppose it -- while providing almost no extra help for the poorest families.
This is bad social policy, bad tax policy, and bad fiscal policy. You'd think they'd be embarrassed, but they're not.