There’s some good stuff in the House Republican tax reform plan that was released on Thursday.

After doubling the standard deduction for individuals and married couples, the plan consolidates tax rates to 35 percent, 25 percent, and 12 percent for the vast majority of American families. But retaining a 39.6 percent rate for those earning over $1 million a year, Republicans shield themselves from criticism that this is a handout to the rich.