Turnaround specialist John A. Koskinen agrees to take toughest job in Washington, D.C.: IRS commissioner
Tax-related identity theft: Its growth and IRS efforts to stop it

Is real tax reform possible?

The Max & Dave Traveling Tax Reform Tour has so far made stops in Minneapolis-St. Paul and Philadelphia.

The road show's top act, Senate Finance Committee Chairman Max Baucus (D-Mont.) and House Ways and Means Chairman Dave Camp (R-Mich.), insist that there's a good chance they'll be able to shepherd through some sort of tax reform before both relinquish leadership of their Congressional panels.

We shall see.

All talk, little action: Americans love to complain about taxes, both how much we pay and how our Senators and Representatives spend our money.

But we also fight changes to the tax code when it means we will personally lose a tax break.

And lobbyists who get paid humongous retainers to argue for tax benefits for special industry and corporate interests are even worse.

According to data cited in the infographic below, compiled for Master of Accounting Degrees, despite our complaining, tax reform tends to be at the bottom of Americans' national to-do list.

No Confidence: America's Declining Opinion of Tax Policy

Image compliments of Master of Accounting Degrees

So what about you? Do you believe we U.S. taxpayers will ever accept that we might personally need to surrender a favorite tax break in order to make the tax system simpler for everyone?

Do you see Baucus and Camp getting enough public support to justify their tax reform efforts?

Do you think we'll see any type of tax rewrite this year? If not, do you think it's possible for Congress to tweak tax laws in an election year?

Or will 2014 just be 10 long months of politicians using taxes as a campaign cudgel leading up to the November mid-term votes?

You also might find these items of interest:


Feed You can follow this conversation by subscribing to the comment feed for this post.


Well I am going to have to go with the later. As it has been for countless elections in the past so will this one to come and future ones after this.

Tax reform will be the platform/campaign to rally us all. Personally I would like to see Americans take the stand on reps that will vote in term limits. With the right numbers and the seats changing, I believe it would eliminate a lot of the behind the scene lobbying funds to those who have been there for 30 and forty years.

The comments to this entry are closed.