* Trish McIntire
offers some good advice to tax pros in her post “Learn to Say No” over at OUR
TAXING TIMES.
* Disappointing news from REUTERS.COM in
“No Tax Reform Plan Yet: Obama Aide”.
“President
Barack Obama's nominee to be the top tax official at the U.S. Treasury
Department said on Tuesday that the administration is not actively working on a
plan to revamp the tax code, frustrating some of Obama's fellow Democrats.
‘We'd
be negligent if we weren't doing foundational work ... But at this point there
is no plan that has been developed,’ Mark Mazur, Obama's nominee for Treasury's
top tax job, said at a Senate panel hearing on his confirmation. ‘We'll see how
this plays out.’
Both
Republicans and Democrats, including Obama, call revamping the complicated tax
code a top priority, but acknowledge this will not happen until after the
November 6 elections.”
* One of Joe
Kristan’s Tax Roundups at THE ROTH AND COMPANY TAX UPDATE BLOG led me to this
great on the money comment from “Flabbergasted by Obama on Tax Reform” by
Christopher Bergin at TAX.COM -
“Our tax code isn’t about collecting revenue.
It’s about taking care of political friends and being used as a campaign
election issue to divide and conquer the electorate. The point of Washington is
to get reelected. And ‘can-kicking’ – which I define as avoiding any difficult
tax policy decision -- is an Olympic sport in Washington that our politicians
excel at. That is why my answer to the question “When do you think we will get
tax reform?” is now ‘Not until something really bad – and I mean really bad – happens’.
Is this a great system or what?”
TTFN
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