In case you didn't hear about this: Recently, House Ways and Means Committee Chairman Dave Camp released a proposal for tax reform. Camp is a powerful Republican so you might think all he'd propose was to lower taxes on the rich and raise them on the lower and middle class. That's how "tax reform" is usually defined in his circles…but no. He was going to lower the top rate on the wealthiest Americans but to make up for it, there would be some increased taxation on the largest banks. The largest banks promptly declared Nuclear War on the proposal and we have since seen Camp and his plan stomped into the ground. He and it have been given the kind of beating designed to make sure that no one anywhere is ever foolish enough to suggest such a thing again. Jonathan Chait has more.