Rewriting Code Has Consensus While Fix Proves Elusive: Taxes

Rewriting Code Has Consensus While Fix Proves Elusive: Taxes

Jay Mallin/Bloomberg

Dawn at the U.S. Capitol in Washington, D.C., on Dec. 31, 2012. U.S. lawmakers hurtled toward a midnight deadline to avert hundreds of billions of dollars in tax increases and spending cuts. Compromise remains elusive, though the tax code is more convoluted -- and therefore, ripe for change -- following the tax bill passed Jan. 1.