One can never expect too much from a government “reform commission,”
particularly a bipartisan commission. But the tax reform panel headed
by John Breaux and Connie Mack, might still have some good
recommendations in its final report on Nov 1. They still have a flat
tax proposal on the table, and are looking at ways to limit mortgage
interest deductibility while making charitable deductions available to
non-itemizers. Also, they’re considering limiting deductibility for
employer contributions to health insurance and making payments by
individuals deductible. Nothing bold, but definitely moving in the
right direction. More here, here, and here.
by Locker Room contributor