https://hotair.com/headlines/archives/2012/12/07/the-death-of-tax-reform/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usTue, 09 Jun 2026 05:31:28 -0400<![CDATA[The White House claims that loophole closing can’t raise enough revenues. This is bogus. The nonpartisan Tax Policy Center has estimated that capping all itemized deductions at $17,000 for couples and $8,500 for singles would produce $1.7 trillion in added taxes over a decade. To be sure, there would be practical problems; some tax increases would fall on households under Obama’s income thresholds of $250,000 for couples and $200,000 for singles. But these could be managed with adequate political will.]]>Fri, 07 Dec 2012 18:25:46 -0500<![CDATA[Erika Johnsen]]>https://hotair.com/headlines/2012/12/07/the-death-of-tax-reform-n98071