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Avoid The Fiscal Cliff, And Then Reform The Tax Code

tytuidrytu Wrote: Oct 05, 2012 10:57 PM
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I can’t think of an issue that more perfectly captures the national debate than the one right now regarding the expiration of the 2001 and 2003 tax cuts. At the end of this year, current tax rates will expire and taxes will go up if nothing is done. The powerful Way and Means Committee, the chief tax writing committee in Congress of which I am a member, has already taken the lead and passed through the House of Representatives yet another extension of current rates for all taxpayers.

Some would have you believe this debate is about pitting rich and...