Bruce Bartlett’s Freakishly Good Tax Reform Timing

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Last night I read Bruce Bartlett’s new book, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take. It’s written as a primer on American taxes, and it’s a great introduction for anyone who doesn’t really know much about the U.S. tax system and wants to learn the basics. It’s clear, short, and a quick read.

Still, I confess that I was sort of charmed by Bruce’s apparent optimism that genuine tax reform will be on the table after the election is over. “Genuine,” of course, means broadening the tax base and getting rid of loopholes and deductions, and being revenue neutral at a minimum. In other words, it’s not a tax cut. What are the odds of that?

Pretty slim. And yet, what do I see when I open my copy of the LA Times this morning?

President Obama will use his State of the Union address this evening to make a renewed case for an overhaul of the tax reform, one of a host of “common sense” ideas advisers say he’ll offer to shore up the American economy and tackle the growing deficit.

….”We want to reward wealth and prosperity and success. But if we’re going to move forward as a country, reduce our deficit, invest in things like manufacturing and education, how are we going to pay for it?” [David Plouffe] said on NBC’s “Today” show. “There’s no question that we have a tax code that’s far too complicated, far too complex. And when the middle class, the average middle-class worker is paying more in taxes than people who are making $50 (million), $60 million a year, we’ve got to change that.”

I still don’t believe this is going to happen. Republicans are simply too deeply invested in the theology of both tax cuts and corporatism to cooperate on anything resembling genuine tax reform. It’s not 1986 anymore.

Still, you never know. And it certainly demonstrates that Bruce has freakishly great timing. Tonight people will tune in to the State of the Union address and hear Obama calling for comprehensive tax reform, and tomorrow they’ll all stampede to their local Barnes & Noble to find a nice, short book that explains what tax reform is all about. Bruce will become an overnight millionaire, right?

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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