Opinion

May 18, 2014 11:49 PM

Their View | Kicking the can on tax reform

Someday, the wolf and the lamb will lie down together, and, shortly thereafter, perhaps, Republicans and Democrats will pass tax reform. It shouldn’t be that hard, actually, given the broad recognition in both parties that exchanging lower tax rates for a reduction in loopholes would be good for both fairness and efficiency. But every loophole has a lobby, and so even though President Barack Obama has floated a corporate reform proposal and Rep. Dave Camp, R-Mich., tried to jump-start individual and corporate reform this year, there is no realistic prospect for a bill.

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