The Intrade Prediction Markets show Republicans have a 94 percent chance of taking the House today, but only a 42 percent chance of controlling the Senate. If Intrade is correct, what does that mean for the tax-writing committees?
House Ways and Means
Big changes in store here.Democrats maintain a 63 percent majority of the Committee (slightly better than their 59 percent majority in the House) -or 26 Democrats and 15 Republicans. If the House flips, we expect the committee ratios to flip as well, give or take a seat – that means about 25 Republicans and 15 Democrats.
For Democrats, …