Seems K Street and Max Baucus were looking forward to a fun year of fixing up the tax code and making it stand up and salute. But now the IRS has gone and muddied the waters. As Erik Wasson and Peter Schroeder write at The Hill:
The uproar over the Internal Revenue Service targeting of Tea Party groups has stirred jitters on K Street over the prospects for getting tax reform done this Congress.
The uphill battle to simplify the complex tax code by winnowing tax breaks and lowering tax rates could take a step back if Democrats and Republican become consumed by the admitted IRS wrongdoing.
The uphill battle to simplify the complex tax code by winnowing tax breaks and lowering tax rates could take a step back if Democrats and Republican become consumed by the admitted IRS wrongdoing.
This is sad news since, as we all know, K Street and Baucus have only the public good in mind in their quest to undo some of the complexity for which they bear so much responsibility.
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