Should-Read: Alan Simpson and Erskine Bowles: Unfortunately, the tax plan currently under discussion…ignores nearly all the hard choices

Should-Read: Alan Simpson and Erskine Bowles: Unfortunately, the tax plan currently under discussion… ignores nearly all the hard choices… incorporating only the ‘goodies’…

…It reads as if it were developed for a country whose debt problems have been solved, when in reality debt is the highest it has ever been other than around World War II. When this tax reform discussion started, House Speaker Paul D. Ryan (R-Wis.) and Senate Majority Leader Mitch McConnell (R-Ky.) called for revenue-neutral tax reform. While ultimately more revenue is needed, deficit neutrality is likely the best that can be expected in the current political environment. Yet Congress abandoned even this minimum standard of fiscal responsibility…