If the Republicans retake Congress, watch for a LOT of major bills of reform to be introduced, including something that Congress needs to tackle right now: income tax reform. When the current system is 70,000-plus pages of undecipherable mess, costs over US$300 BILLION per year in compliance costs, and possibly drove over US$14 TRILLION in American-owned liquid assets to offshore financial centers beyond US borders as an income tax dodge, something needs to be done, in my humble opinion! Imagine if we can cut the cost of compliance to less than 1/3 of the current system and bring back most of that US$14 TRILLION back to the US financial system--our economy would immediately take off like a missile.
“bring back most of that US$14 TRILLION back to the US financial system—our economy would immediately take off like a missile.”
Who would Trust the Bastards?
If it can happen once it can happen again.
I suppose there may be some who would let the Greed get the better of themselves.
“. . . something that Congress needs to tackle right now: income tax reform. When the current system is 70,000-plus pages of undecipherable mess, . . . “
Much as I would like to see that, ain’t gonna happen. The Repubs might reinstate the tax cuts due to expire three weeks before they are sworn in but that tax code is their re-election fund. The vast majority of lobbyists are around to fit their clients into a tax loophole, in return for a nice campaign contribution. You would first have to reform the elections, then the people who win those elections, then work on the tax system.