Experts: Supercommittee Won't Push Big Tax Reform

Wednesday, 07 Sep 2011 03:25 PM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Many members of Congress on both sides of the aisle seek a thorough restructuring of the tax code. Although the bipartisan supercommittee charged with suggesting $1.5 trillion of deficit reductions will make small moves in that direction, a major overhaul isn’t in the cards from the committee, several experts said at a panel discussion Tuesday, The Hill reports.

"If you set the bar too high you won't succeed with the primary goal of revenue increases and spending reductions on the mandatory side," said Alex Brill, a research fellow at the American Enterprise Institute. "Ten weeks is a pretty tough timeline to produce comprehensive tax reform," he said.

And the path to major reform won’t be easy, Brill said. “How you get from the code you have to code want is a difficult thing to do. Those who worked on the 1986 tax act know it's tough."

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Rand Paul: Experience Not Necessary For Higher Office

Tuesday, 22 Apr 2014 21:53 PM

A politician can have too much experience, says first-term Republican Sen. Rand Paul, dismissing claims that he and othe . . .

Clawson Romps Home in GOP Primary for Radel's Seat

Tuesday, 22 Apr 2014 21:18 PM

Political newbie Curt Clawson easily won the Republican nomination in a Congressional race in Florida on Tuesday. Rep. T . . .

38 Republicans Back Sen. Ron Johnson's Executive Overreach Lawsuit

Tuesday, 22 Apr 2014 21:06 PM

Wisconsin Sen. Ron Johnson has found 38 fellow Republicans on Capitol Hill to sign on to his lawsuit fighting what he ca . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved