Senator Max Baucus (D-MT) and Representative Dave Camp (R-MI) report in a Wall Street Journal op-ed that since Congress has spent ample time listening to interest groups, it's now time they get serious about tax reform:
Cautiously vindicated, but vindicated all the same.
Barry Melancon speaks on behalf of all the CPAs, CGMAs across this great land who have had it up to here [bridge of nose] with Congress' inability to accomplish anything other than naming post offices:
You spent five (or more) years studying to be an accountant, passed the hardest professional licensure exam that exists, and people expect you to know some shit about taxes. They don't care that you're "an auditor" because they don't know what that means.
If I've learned anything from the Pirates of the Caribbean ride at Disneyland, it's that dead men tell no tales; however, the rich ones still pay taxes which is good news, especially for those who can't afford Disneyland.
Entirely too much credit is being given to the legislative body.
The Hill reports that jolly orange giant John Boehner is speaking at the Peter G. Peterson Foundation today and he's telling the crowd that when Congress finally gets around to tax reform, they'll be coupled with an extension of the Bush tax cuts.
Tax wonk Christopher Bergin has some concerns that if President Obama and Congress don't do something some about our tax system between now and the end of the year, a bomb wll go off:
The troops are on a mission.
House Republicans on Tuesday declined to recognize a House Democrat who was trying to speak about the need for Congress to quickly resolve its differences about how to extend the payroll tax cut.