Tax reform: Could it happen?

Tax reform: Could it happen?

By Bernie Becker – 01/04/15 10:30 AM EST

This much is true: Both President Obama and top Republicans are saying the right things about tax reform right now.

Whether that means that the two sides will make the progress in 2015 necessary to overhaul the tax code before Obama leaves office is another question entirely.

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At his year-end news conference, Obama insisted that he would put out more specific tax reform proposals in the coming months, answering GOP critics who’ve said the White House hasn’t put in the necessary work on rewriting the code.

Incoming Senate Majority Leader Mitch McConnell (R-Ky.), has said that tax reform is on the short list of issues – also including trade and infrastructure improvements – with the best chance for bipartisan cooperation once Republicans take full control on Capitol Hill in January.

And Rep. Paul Ryan (R-Wis.), who will be the House’s top tax writer next year, has said he’s willing to compromise on one of the GOP’s top priorities for reform – that the individual and corporate systems be revamped together.

https://thehill.com/policy/finance/228078-tax-reform-could-it-happen