Two great tidbits from the Washington Post's list of "winners and losers" re. the Tax Bill

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Rich kids. The GOP tax bills make it a lot easier for wealthy parents to pass property and money to their kids. Under current law, up to $5.5 million can be passed down tax-free. After that, there's a 40 percent tax, known as the "estate tax" (or the "death tax" by critics). The House bill eliminates the estate tax entirely. The Senate bill allows rich parents to pass up to $11 million onto their heirs tax free.

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The poor.
The Senate bill cuts tax rates across all income levels, but 44 percent of Americans don't pay any federal income tax, so it doesn't help them. Some senators -- notably Marco Rubio (R-Fl.) and Mike Lee (R-Utah) -- pushed to give more money back to lower-income families in the form of refundable tax credits. Rubio and Lee wanted to make a lot of the Child Tax Credit refundable. But that didn't happen, meaning the poor won't get much benefit from the bill. If anything, they might lose a lot -- some won't be able to afford health insurance anymore and some are likely to lose other government benefits as Republicans look for ways to trim the federal budget in the coming months.

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