True tax reform may be politically off the table

September 21, 2011 - 10:06 AM
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Cutting the deficit is starting to feel like a ticking time bomb. Lawmakers on the 12-person panel only have until Thanksgiving to find $1.5 trillion in savings, whether it's spending cuts, tax increases or programs slashed. But now some GOP legislators are saying they can't talk true tax reform because of the President's proposal to raise taxes. The panel may look at closing the tax loopholes, but now that President Obama has said he won't sign a deal without tax hikes, some of his critics say the discussion is off the table. Jonathan Strong, staff writer for Roll Call, looked into what the deficit panel may do from here and why politics could get in the way.

 

 

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