Current debate to extend expiring Bush-era tax cuts offers a window into a broader overhaul of the income tax code, possibly early next year. Even as House Democrats press for changes to the tax package on the Senate floor, President Obama is weighing the scope of much larger reform that addresses the growing national debt.
On December 15, Brookings expert Adam Looney, policy director of The Hamilton Project, answered your questions in a live chat moderated by POLITICO about the problems with the U.S. tax system and what the deal being forged now between the White House and Congress says about the reform battle ahead.
Read the transcript >>