An amateurish attempt at explaining current events large and small.
Monday, February 09, 2009
Equity Private over at Dealmaker makes an argument for tax reform. I agree that the time is ideal for tax reform in the sense that those interests typically aligned against tax reform are currently quite weak, such as tax preparers, accountants, and especially the mortgage industry (which accounts for one of the largest deductions/perversions of our tax code in the form of the mortgage interest tax deduction). That said, I am doubtful anything will happen anytime soon, and that's a shame.