How Far are We from Major Tax Reform?

Lawmakers are proposing drastic tax policy changes that could have a substantial impact on regular taxpaying Americans and their access to tax relief. According to tax lobbyist, Kenneth Kies, we could expect a major tax code revision by 2013 under the following conditions:

  1. Republicans would have to maintain control of the House
  2. The president would need to bring around conservative lawmakers
  3. Ideally it would be a Republican president with a more moderate tax reform agenda

Kies likes Newt Gingrich for this task. He does not see the time spent on tax reform now to be a waste of time, even what may have been done by the (failed) super committee. Some of what is done now could be laying the groundwork for real reform in the months and years to come.

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