Note: This first appeared in the PJ Tatler.
Tax reform – as a general principle and a way to raise revenue – is a presidential non-starter.
Now. Last year, the president said this:
“What we said was give us $1.2 trillion in additional revenues, which could be accomplished without hiking taxes — tax rates — but could simply be accomplished by eliminating loopholes, eliminating some deductions and engaging in a tax reform process that could have lowered rates generally while broadening the base.”
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