U.S. News & World Report - In the effort to cut the federal budget deficit, reforming the tax code seems to be an area of common ground among Democrats and Republicans. Reducing or eliminating long-cherished tax breaks would undoubtedly trigger major clashes among affected consumers, companies, and advocacy groups. The fact that such battles may be waged anyway is a telling sign of how serious the deficits have become, and how difficult it is to reach agreement on other solutions to the problem.
More...
More...