Monday, July 29, 2013

Why Real Tax Reform is Impossible

Business Week reports that "Senators Max Baucus (D-Mont.) and Orrin Hatch (R-Utah), who head the Senate Finance Committee and are working on a complete rewrite of the U.S. tax code, have assured their colleagues that any of their requests to preserve a loophole will be kept secret by the National Archives for 50 years."
So here’s what we know about Baucus and Hatch’s “blank slate” process, which wipes the tax code clean, forcing senators to justify every loophole they ask to have written back in. We know that some of the loopholes just aren’t defensible, so toxic to voters that not only can we not know them, we may not ever know them. I will probably not live to 2064; the genes aren’t as good on my father’s side. I would, however, like to be able to decide how to vote in 2014. Senators have to please both constituents and donors. I get it. Money is speech. But any senator with a tax plea so secret it has to be physically locked away is definitely, absolutely not requesting it for the voters.
What a disgusting usurpation and corruption of our government--that who requests special favors in the tax code will be treated with greater secrecy than the plans to build a nuclear weapon. I've long felt Hatch is a worthless RINO cow-tow, but this confirms it.

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