Excuse me for not getting too excited about the latest tax reform proposal that does seem to be receiving a lot of attention.  While it has some good points, the real world will cause it to end up pretty much like the dozens of other reforms over the past decades.  It’s pretty far fetched to expect much positive change in the tax code from a Senate that is controlled by DemonRats and a signature from a communist acting pResident.

This comic that Sherry found is similar to my infamous poster of how tax legislation works.   

Dave Camp: How to Fix Our Appalling Tax Code –  WSJ 

Why it’s nearly impossible to pass tax reform – JWR (Dana Milbank)

House Republicans unveil tax reform plan — does it stand a chance?  –  FoxNews 

Why tax reform is needed, and why it is doomed – JWR (David Shribman)

Camp tax plan gives Boehner, and Washington, the blahs – Wash. Post

Reining In the IRS – National Review

Camp Unveils Tax Reform Package to Mixed Reaction – CCH

Hurray for GOP Tax Plan – JWR (Froma Harrop)

Tax reform in this election year: It’s not likely –  As always, this means there will be no shortage of work for the professional tax advisor community.  The higher taxes are, the more people need the assistance of tax pros to help them hold onto their money.

We Still Need a Simpler Tax Code – The forever elusive and unattainable Holy Grail.

Great symbolic illustration:

(Click on image for full size)

Time For A Tax Reform – For obvious reasons, we will be seeing plenty of these kinds of articles over the next few weeks.  In this one, Bruce Bartlett is calling for a massive overhaul of the tax code, similar to the one done in 1986.