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Tax Reform Might Come, Let’s Wait And See

Comprehensive tax reform and simplification is a fantastic idea.  We here at the ABC Coalition for DEF just love the idea that you are working on it and totally support you.  Of course we are sure that you know the DEF is critical to the American way of life and the health, safety and well-being of the world. We would just like to remind you that the GHI deduction and the JKL credit play a critical role in supporting DEF.  So when you are doing your simplifying don’t even think about messing with the GHI deduction and the JKL credit.  As a matter of fact, you probably should beef them up a bit and get busy on the MNO exemption that we have been asking for.  Other than that, chop away at those special tax breaks and give us a simpler Code

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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.