Paul Ryan's tax play mimics the tactics of the 2012 campaign, Gleckman writes, promising tax reform built around wildly ambitious but gauzy rate reductions without a word about how to pay for them.
Making the tax code less complicated and more efficient may not achieve the rate-cutting, base-broadening reform many want, Gleckman writes, but it can have important consequences for real people.
President Barack Obama's State of the Union address will likely touch on tax reform, Gleckman writes, but it remains to be seen whether even corporate reform is possible in 2013.
House Ways and Means Committee Chairman Dave Camp's investment tax plan implicitly challenges our most basic and firmly held beliefs about why we tax investment gains the way we do, Sanchirico writes.
The current taxation of derivatives is complicated and inconsistent, Rosenthal writes. Investors often use these tax differences to manipulate the character, timing, or source of their income to reduce their tax liability, he adds.
With his reelection Tuesday, President Obama faces a second term full of painful choices on issues ranging from the fiscal cliff to Medicare and Medicaid, Gleckman writes.