SMRs and AMRs

Saturday, June 07, 2014

Congress Versus Hobbit

Gail Collins, NYT
JUNE 6, 2014

Let’s talk about tax reform.

Come back! This is going to be really interesting. Or at least I will try to trick you into feeling that it’s interesting by making copious references to popular culture.

We should begin with Representative Dave Camp, a Republican from Michigan who is the current chairman of the powerful House Ways and Means Committee. Camp has been on a quest to make the tax system cleaner and simpler. In this matter we might think of him as a Hobbit, facing great danger in his search for the golden W-2 form.

“I aim to launch and fight the tax reform battle once again,” Camp announced, rather grandly. After many, many hearings and discussions, he unveiled a proposal to reduce the nation’s high corporate tax rate by eliminating loopholes that allow a number of corporations to avoid paying anything at all.

It was, if not supremely heroic, at least a nice principled stand. Like on “Mad Men,” when Don Draper gave Peggy the chance to do the presentation for the Burger Chef account.

(More here.)

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