We know it's coming down the pike. We know it's sitting there waiting to kick us in the ass. If there is one issue we can't afford to be considered obstructionists on, it's tax reform. We can't be seen as protecting the current system. We need to figure out how to get around it, and I think I've got it, and it's going to be, hard work.
What we need to do is go on the offensive about deductions. Not the ones that help the middle class and keep our heads above water, but the goofy ones. The tax shelter ones. Offshore holdings ones. We need to come out of the shoot saying that we are, indeed, in favor of tax reform. We want to make it so the monied interests can't exploit the loopholes they paid to have inserted into our tax code.
That will be our saving grace. That will keep us from being labeled "obstructionist" and "supporting the current tax system."
Thoughts? What deductions do you think we can get rid of?