Wednesday, November 21, 2012
As America faces the so-called "fiscal cliff," let's turn our attention to our country's systemic tax problem. ... The tax code embodies all the essence of life: greed, politics, power, goodness, charity." With that sentiment in mind, any significant push toward fundamental tax reform has to start by chipping away at the corporatized, commercial Congress which uses tax breaks, deferrals, credits and exemptions as inventory to sell for campaign cash in increasingly costly campaigns. Until that happens, the metaphorical "brake lines" will remain faulty as America speeds toward increasingly more ominous fiscal cliffs.
(Many of these tax reform solutions are discussed in further detail in the first chapter, "Fundamental Tax Reform" of my latest book, The Seventeen Solutions: Bold Ideas for Our American Future.)
(Hat Tip: Francine Lipman.)