‘Tax System Going to Collapse Under Own Weight’

Partisan rancor set back bipartisan efforts to reform the U.S. tax system this year, but activists are holding out hope that the incoming Republican Congress and President Obama can agree on ways to provide some relief to American businesses and bring greater clarity to the system for everyone.

Retiring House Ways and Means Committee Chairman Rep. Dave Camp, R-Michigan, had been cobbling together legislation to spark tax reform but Republicans say President Obama’s unilateral immigration actions further eroded their trust in him to negotiate in good faith or enforce anything Congress approves.

Despite the friction between Obama and the GOP, Pete Sepp believes a golden opportunity still exists to get this done. Sepp is the president of the National Taxpayers Union, a nonpartisan citizen group founded in 1969 to work for lower taxes and limited government.

“There’s still a fair amount of hope. I think that’s because most lawmakers, both Democratic and Republican, recognize that this tax system, especially on the corporate side, is becoming so complex that it’s going to collapse under it’s own weight,” said Sepp, who believes sweeping changes could even be possible.

Post Continues on www.wnd.com ...