Obama, Lawmakers Reticent to Be First to Offer Tax-Code Shifts
This article is for subscribers only.
President Barack Obama and congressional leaders haven’t determined a clear path to an overhaul of the U.S. tax code, in part because no one wants to be the first to propose taking away popular tax breaks.
This reticence, say veterans of the last major rewrite of the tax code in 1986, stems from worries about how this issue may play out in the 2012 election.