TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Saturday, May 12, 2012

Will President Obama's Views on Tax Reform Also 'Evolve'?

Tax Vox Blog, Will Obama’s Views on Tax Reform “Evolve” Too?, by Howard Gleckman:

Robin, thanks for asking me back on Good Morning America to talk about my views on tax reform. After we spoke about gay marriage, I got to thinking about another deeply-held emotional issue that affects every American family.

Well -- you know, I have to tell you, as I’ve said, I’ve -- I’ve been going through an evolution on this issue. I’ve always been adamant that Americans should be treated fairly and equally. I do believe we ought to have a revenue code that raises enough money to fund the government we want. And we should do it in a way that interferes as little as possible in the market economy.  

I’ve stood on the side of tax reform. But I had hesitated -- in part, because I thought tinkering around the edges would be sufficient -- something that would close a few loopholes and raise taxes on the rich. And -- I was sensitive to the fact that -- for a lot of people, you know, the -- the phrase tax reform is something that evokes very powerful reactions, brings out the lobbyists, and so forth. ...

I’ve just concluded that -- for me personally, it is important for me to go ahead and affirm that -- I think the tax code needs a major reform. ... I have asked Treasury Secretary Tim Geithner to develop a detailed, specific tax reform plan in consultation with congressional leaders of both parties, business leaders, and others. I will present this plan to the American people next January and will strongly urge Congress to complete action on the bill by the end of 2013.

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I would prefer Intelligent Design.

Posted by: AMTbuff | May 13, 2012 11:53:50 AM