Wednesday, September 12, 2012

A President's Mission in Life


President Obama left no doubt about his mission after getting into office: it was to do something about reforming healthcare. Exactly how he did it or whether he did it well are debatable, but the bottom line is, he did it.

Presidents who have missions usually accomplish them. With Lincoln it was freeing the slaves; with Teddy Roosevelt it was busting trusts; with FDR it was the New Deal; with Johnson it was the Great Society. It doesn’t mean the missions were always good (war in Iraq) – but they were missions.

I want the next President to make tax reform his mission in life (or at least in office, but life would be better). All these discussions about increasing taxes on the wealthy or continuing tax cuts, capital gains rates, you name it, just take us around in very big circles.

The federal income tax code is 100 years old next year. When it started out, it was probably a good idea in concept, like the plans for a simple new home to support a nuclear family. But almost right away, they started adding wings to accommodate great aunts, and upper stories to take care of cousins. After a while, such structures become ugly and unbalanced. The roof starts to leak, then the rats come, and well, there it goes. The owner keeps making simple repairs to keep up, but eventually loses control.

Taxes are an issue at the very heart of our economic crisis. Some may get angry at Mitt Romney for paying only 13 percent in taxes or squirreling money away in the Cayman Islands, but if what he’s doing is legal, he’s only doing what just about all of us would do if we were in his shoes. It’s not his fault. It’s the system.

The other night, CNN reported that while the IRS collects $1 trillion or so a year in taxes, the loopholes and exemptions total about $1.3 trillion. Bill Clinton talks about arithmetic. There’s Lesson One.

So please, Mr. President, whoever you may be next January, make comprehensive tax reform your mission in life. The code doesn’t have to be complicated. All it really has to be is fair. Just decide for yourself that it’s doable, and take us there. The opponents of healthcare reform will be pussycats compared to who’s going to come after you over this issue. That’s why it has to be your mission.







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