Thursday, July 26, 2007

Treasury Secretary Pushing Tax Reform

Treasury Secretary Henry Paulson is talking today about reducing corporate taxes across the board:

In an opinion piece published last week, Paulson did not make any specific recommendations for ways the tax code should be changed. But he said areas that should be examined include taxes that discourage capital formation, the current tax depreciation system which does not treat investments uniformly, and targeted tax provisions that add to the complexity of the tax code and contribute to the estimated $40 billion that businesses spend annually on compliance.

This is a terrific development. Come on guys, you can do it...