Bruce Bartlett’s Freakishly Good Tax Reform Timing

Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of 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 &┬áNoble to find a nice, short book that explains what tax reform is all about. Bruce will become an overnight millionaire, right?

THE TRUTH IS...

what drives Mother Jones' team of 50-plus journalists. The truth is powerful, as evidenced by how hard those with something to hide, or profit to gain, seek to discredit it. The truth, stated boldly and reported meticulously, is what draws so many readers to Mother Jones.

And the truth is, going into the final 4 days of the year we still needed to raise $TK to hit our $350,000 goal and start 2021 on track. It's nerve-wracking, wondering if the big spike we normally see at the end of December is going to be another thing that doesn't go as planned in 2020, or worse, if, now that Donald Trump is set to leave the White House (for longer than a taxpayer-funded golf trip to a property he owns), folks might be pulling back from fighting for the truth and a democracy and think the hard work is done.

It's not, and if you can right now, please consider a year-end donation to support our team's fearless nonprofit journalism so we can close that big fundraising gap and finish the year strong, ready for all that's ahead in 2021. Whether you can give $5 or $500, it all matters in keeping us charging hard, and we'd be grateful.

payment methods

THE TRUTH IS...

what drives Mother Jones' team of 50-plus journalists. The truth is powerful, as evidenced by how hard those with something to hide, or profit to gain, seek to discredit it. The truth, stated boldly and reported meticulously, is what draws so many readers to Mother Jones.

And the truth is, going into the final 4 days of the year we still needed to raise $TK to hit our $350,000 goal and start 2021 on track. It's nerve-wracking, wondering if the big spike we normally see at the end of December is going to be another thing that doesn't go as planned in 2020, or worse, if, now that Donald Trump is set to leave the White House (for longer than a taxpayer-funded golf trip to a property he owns), folks might be pulling back from fighting for the truth and a democracy and think the hard work is done.

It's not, and if you can right now, please consider a year-end donation to support our team's fearless nonprofit journalism so we can close that big fundraising gap and finish the year strong, ready for all that's ahead in 2021. Whether you can give $5 or $500, it all matters in keeping us charging hard, and we'd be grateful.

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