Many lawmakers in Congress have indicated enacting comprehensive
tax reform is a top priority for 2013. To be successful, lawmakers
will need to move quickly this spring because enacting legislation
will become more difficult as the 2014 mid-term elections
During the past two years, congressional tax writing committees
have held numerous hearings aimed toward developing support for
legislation that simplifies the tax code, which has become
especially complicated since tax reform was enacted in 1986.
For many lawmakers, the ultimate goal of tax reform is to lower
tax rates for most, if not all, taxpayers to provide greater
incentives for private investment and entrepreneurial risk taking.
The intended result is to increase the economic growth rate, which
is vital to solving the federal...
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