Monday, February 6, 2012

Tax reform in this election year: It's not likely (AP)

 

FILE - In this Jan. 31, 2012 file photo, Republican presidential candidate, former Massachusetts Gov. Mitt Romney waves to supporters in Tampa, Fla. Politicians of all stripes in this election year are clamoring for simplifying the tax code and closing loopholes. But that would mean Americans could lose some of their prized deductions. Tax reform does sound like a good idea to lots of people, but where to start? Eliminate the deduction for home mortgages? End the write-off for charitable contributions? How about expanding the Social Security payroll tax? Not likely. In fact, none of the major tax overhaul proposals now on the table seems likely to be enacted given the current political situation in Washington and the country. (AP Photo/Gerald Herbert, File)AP - Tax reform sounds like a good idea to lots of people, but where to start? Eliminate the popular deduction for home mortgages? End the write-off for charitable contributions? How about expanding the Social Security payroll tax?

Tax reform in this election year: It's not likely (AP)
Mon, 06 Feb 2012 21:48:25 GMT

Posted by at 6:00 PM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
My Zimbio