Detroit Free Press

Jan. 22, 2012

It is probably Pollyannaish to expect that Congress will do anything substantive in the realm of tax policy in an election year. But any serious effort to reduce the federal deficit will require significant changes in the tax code, and at least two bipartisan groups -- the President's Council on Jobs and Competitiveness, and the Bipartisan Policy Center's Debt Reduction Task Force -- have advanced comprehensive proposals that would simplify tax collection and increase revenues by reducing rates and eliminating years of accumulated tax preferences.

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Economic Policy Project