If you listen to partisan Democrats or to the New York Times editorial board, you get the impression that the tax bill before Congress is a gift to millionaires and billionaires, and Armageddon for the rest of us.

The Times’ editors were so alarmed about Congress lowering America’s corporate tax rate, which is nearly the highest in the developed world, that it urged readers via Twitter to contact their senators. The publication even provided the congressional office phone numbers. That’s admirable political activism, one supposes, but it’s hardly compelling journalism.