I
have no reason to believe that Max and Dave (Baucus and Camp of www.taxreform.gov) are not truly sincere in
their attempt to bring about real tax reform.
But, while I applaud and wholeheartedly support their efforts, I,
unfortunately, do not believe that we will get anything near the true tax
reform that is needed anytime soon.
Why?
(1) The Tax Reform Act of 1986 was
championed by then President Ronald Reagan.
President Obama clearly does not want serious, substantive tax
reform. The tax proposals put forward during
his tenure have been basically to increase the tax rate on the “wealthy”,
either through the front door or the back door (i.e. limiting the tax benefit
of itemized deductions to 28%), including such truly idiotic ideas like
limiting the amount a person could save for retirement, and complicating the
Tax Code even more by continuing to distribute social welfare program benefits
through the Form 1040.
(2) Passing such an overhaul of the Tax Code
would require cooperation by both Parties.
Perhaps more than ever in our history the members of Congress are
self-absorbed idiots who cannot think independently and are only capable of
quoting their party’s script. It is impossible
to get anything done in Washington today because of the contentiousness of our
elected officials. If a Democrat
proposed legislation that would truly end poverty the Republicans would
denounce it, and vote against it, solely because it was not proposed by a
Republican. And Democrats would, for the
same reason, oppose a Republican-sponsored bill that would truly bring world
peace.
(3) Everyone in Congress says they want to do
away with “tax loopholes” – except for the ones that they have personally sponsored
or that provide a benefit to the particular lobbies that have filled their
pockets (or the coffers of their re-election campaigns).
So while I can dream of a truly fair
and simple Tax Code, and will continue to actively campaign for one, I do not expect to see
my dream become a reality perhaps in my lifetime, or at least while I am still in business.
Am I wrong?
TTFN
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