Saturday, May 12, 2012
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.