Immediately, some began to assert that Baucus' announcement meant the end of tax reform. Pardon me if I differ, but if anything, it probably helps the tax reform effort a bit by concentrating Baucus more on it.
With the economy showing signs of recovery, it's high time that our federal lawmakers move beyond these self-induced crises and begin to talk about tax reform that can help taxpayers move forward with a clear understanding of how the tax code works and how much they owe.
By using a loophole in the tax code, some individuals have organized their businesses in such a way that their earnings, what you and I would call "wages," can technically be called "profits" and therefore are not subject to Medicare tax.
There's no reason Congress can't work smarter instead of harder, and push through proposals that will do some real good for the majority of small businesses and their employees -- who, as consumers, are critical to our economy.
Still licking their wounds from the tax battle that featured the first tax rate increases on higher earners in 20 years, Republicans are sure to hold President Obama's feet to the fire in demanding steep budget cuts before they'll agree to raise the debt limit.
Recognition by corporations of their fair tax contribution could go a long way toward shoring up the social fabric, political climate and the financial health of our country, all currently sorely frayed.
Tax policies that encourage carbon emissions range from subsidies for oil companies to mortgage interest deductions for energy-wasting McMansions, but neither Romney nor Obama has addressed it head-on.
Given limited resources, the question of how to practically and effectively support entrepreneurs is an important one. To try to better understand what business owners themselves would like, we asked them.
Spitzer and Matalin debate five new presidential ads -- which are telling, tasteless, true? Then, is Harry Reid a lying McCarthyite or brilliant Machiavellian on Romney's hidden taxes...and is Ryan right or merely far-right?