IRS Ombudsman: Could Lower Tax Rates by 44% with Tax Reform; WashPost Buries Story on A13
By Ken Shepherd
January 10, 2013
“Congress could lower individual rates across the board by 44 percent and come up with the same amount of revenue if it eliminated all tax breaks” Washington Post reporter Josh Hicks noted in a January 10. Given the ongoing battles over taxes, spending, and the national debt in Congress, you’d think this would be worthy of front-page placement in the Post. Editors apparently disagreed, placing it on the bottom of page A13, today’s edition of The Fed Page.
“Congress should simplify the tax code to ease the burden on filers, as well as take a hard look at the myriad tax breaks that cost nearly as much revenue as the government generates from individual income taxes,” Hicks noted in his lead paragraph, referring to National Taxpayer Advocate Nina Olson’s annual report to Congress. “[T]he existing code of 4 million words imposes a ‘significant, even unconscionable’ burden of compliance on taxpayers,” Hicks noted, quoting Olson.