An good option for increasing revenue is a simplified Alternative Minimum Tax.
Call it Uncle Sam's hidden mandate. IRS forms are so complex 89 percent of taxpayers spend money for help getting them filled out.
The summary of the tax impact of the health care reform bill is that many of the big taxes to fund the legislation kick in later. Will they ever be paid?
Instead of collecting eventually 19 percent of gross domestic product, his plan would generate less than 17 percent, according to the Tax Policy Center.
Senators Ron Wyden (D-OR.) and Judd Gregg (R-NH) rolled out their version of a simplified, relatively low-rate individual and business tax system.
Lawmakers railed against rising federal deficits as well as proposed tax increases at a House hearing Wednesday where Treasury Secretary Timothy Geithner defended President Obama's budget plan.
The House and Senate both approved budget resolutions of about $3.5 trillion, backing key Obama priorities such as green energy and healthcare reform.
But they're worried about massive deficit estimates, so even some lawmakers in his own party have their whittling knives out.