House Budget Committee member Marsha Blackburn (R-TN) is handed a copy of U.S. President Barack Obama's FY2014 budget proposal upon its arrival on Capitol Hill in Washington (REUTERS/Kevin Lamarque).
Federal Tax Reform? Don't Bet The Rent Money On It
May 14, 2013,
As hopes for a grand bargain on the federal budget fade, the idea of using tax reform to address the country's fiscal woes seems to have gained support within both chambers of Congress. However, Bill Frenzel explains why the present differs from historical precedent, noting that a divided Congress, a jaded public and special interests all stand in the way of tax reform.