Closing Up Loopholes News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Closing up loopholes so those over a million pay more taxes. what are the chances that s actually going to happen? the way it will work is they re going to if they get this deal done, they agree on a revenue number, 1.2 trillion and agree on how it would happen if they can t find a better way, which is a mix of fax rates going up and cushing deductions on the wealthy and things like that. then they send the tax writing committees off to try to find a more fair way of doing that. i think the chances are probably 50/50 that over three, four, five months they have to do it they will in fact do meaningful tax reform. what people have to get in their heads is i do not believe we re looking at a fundamental restructuring of the tax code the way we did in 86. i think wishful things. if we get a meaning deficit reduction package through this congress and dmex congress, $4 trillion out of spends and out of an increased revenue i think will have done about all we can ....

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