Bruce Bartlett’s Freakishly Good Tax Reform Timing

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.

Last night I read Bruce Bartlett’s new book, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take. It’s written as a primer on American taxes, and it’s a great introduction for anyone who doesn’t really know much about the U.S. tax system and wants to learn the basics. It’s clear, short, and a quick read.

Still, I confess that I was sort of charmed by Bruce’s apparent optimism that genuine tax reform will be on the table after the election is over. “Genuine,” of course, means broadening the tax base and getting rid of loopholes and deductions, and being revenue neutral at a minimum. In other words, it’s not a tax cut. What are the odds of that?

Pretty slim. And yet, what do I see when I open my copy of the LA Times this morning?

President Obama will use his State of the Union address this evening to make a renewed case for an overhaul of the tax reform, one of a host of “common sense” ideas advisers say he’ll offer to shore up the American economy and tackle the growing deficit.

….”We want to reward wealth and prosperity and success. But if we’re going to move forward as a country, reduce our deficit, invest in things like manufacturing and education, how are we going to pay for it?” [David Plouffe] said on NBC’s “Today” show. “There’s no question that we have a tax code that’s far too complicated, far too complex. And when the middle class, the average middle-class worker is paying more in taxes than people who are making $50 (million), $60 million a year, we’ve got to change that.”

I still don’t believe this is going to happen. Republicans are simply too deeply invested in the theology of both tax cuts and corporatism to cooperate on anything resembling genuine tax reform. It’s not 1986 anymore.

Still, you never know. And it certainly demonstrates that Bruce has freakishly great timing. Tonight people will tune in to the State of the Union address and hear Obama calling for comprehensive tax reform, and tomorrow they’ll all stampede to their local Barnes & Noble to find a nice, short book that explains what tax reform is all about. Bruce will become an overnight millionaire, right?

TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

payment methods

TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate