George Will on Tax Reform

Sometimes the obvious has to be "beyond obvious" before change can occur. Our 70,000 page tax code is one such example and George Will has a short article on the topic in Newsweek. Senator Gregg who is referenced in the piece is one of a small handful in the political class that may actually understand the tax/budget axis. Good food for thought.

We continue to pay attention to the scheduled tax hikes for dividends and capital gains in particular that come January 1,2011 . All things equal it seems worthwhile to consider pulling gains and other income forward which will skew (negatively) 2011 economic numbers.