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Thursday, May 30, 2013

Reforming And Simplifying The Tax Code

Momentum is building on Capitol Hill to reform and simplify the tax code. The support comes in the wake of revelations that the IRS held up conservative political groups applying for tax-exempt status. Rep. David Camp (R-Mich.), chairman of the House Ways and Means Committee, said simplification would narrow IRS employees' discretion. He's been working with Sen. Max Baucus (D-Mont.), chairman of the Finance Committee. They hope to produce the first tax code reform since 1986. The IRS Taxpayer Advocate has been arguing for years that complexity is the biggest challenge facing both the IRS and the taxpaying public.

4 comments:

Anonymous said...

Its always nice liberals want to reform something. How about replacing the tax code.

Anonymous said...

We need a new tax code.
Screw wasting time on obamacare!

Anonymous said...

just more bs from washington, reforming the tax code would require guts because they would be giving up their power. there is no one in washington with any guts to do the right thing anymore

Anonymous said...

It'll never happen...what they will do however is reform the tax code by adding more new regulations therefore taking a serious problem and making it worse. I'd say about 1,000 more pages and 5,000 more IRS employees ought to help straighten things out.