How to Rescue Tax Reform

The departure of Max Baucus from the U.S. Senate doesn't mean there's no way forward on tax reform.

The news last week that Senate Finance Chairman Max Baucus will become the next ambassador to China has cast new doubt on the already doubtful prospects of comprehensive tax reform. Baucus was one of two congressional leaders championing the idea, and in his absence the goal looks even less attainable. Instead of pushing any changes even further into the distance, maybe there's a better option: changing the goals for tax reform in a way that makes it easier to accomplish.

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