- Are people really that concerned with complexity? Perhaps not if it means cut back or elimination of some deduction or credit the use.
- Bruce Bartlett is quoted - "It's very difficult to lower rates in a revenue-neutral matter without raising taxes on people with relatively modest incomes," given the current tax code, Mr. Bartlett says. "It's not politically doable."
- The difficult discussion of what will be eliminated to allow for lower rates hasn't occurred yet.
A recent Rasmussen Report (4/11/13) indicates that 63% of voters do not think taxes should be increased. But, 28% think taxes need to be increased to address the deficit. The issue of whether tax reform includes tax increases depends on a few things including how that is defined. Revenue neutral reform means overall - in the aggregate. Some taxpayers will see their taxes go up and others will see them go down.
What do you think? Will tax reform occur by the end of 2014 (the end of the 113th Congress)? What obstacles exist?