‘Baseline’ Question Is Key to Future Tax Policy

My goal is an efficient, sensible, modern tax system that encourages savings and investment. For a variety of reasons, it is unlikely that we’ll see any sort of comprehensive tax reform in this Congress, but such a fundamental overhaul seems very likely to occur in the next Congress. The most important thing we can do in the remainder of the 110th Congress is to educate policymakers and the public so that when that discussion begins we all understand what constitutes tax reform and what does not.