Congress and a Tax Overhaul: Lots of Talk, Little Action
Is 2017 the year when a tax overhaul finally happens?Don’t bet on it.That’s despite the revelation that Republican presidential nominee Donald Trump could have avoided paying federal income taxes for almost two decades.And despite Sen. Bernie Sanders’ decision to embrace a tax overhaul as one of his signature issues during his insurgent Democratic primary campaign.And despite the damage done to Mitt Romney’s presidential campaign in 2012 when he released tax returns — something that Trump, so far, has refused to do — showing he’d paid 14 percent in taxes on his eight-figure income.Congress has talked about a tax overhaul for almost three decades. Doing something about it, not so much.
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