It has been 30 years since the last time our nation’s tax code has been overhauled. In that time, the tax rate we levy on businesses has become one of the highest in the world, the tax code itself has become an incomprehensible mess, and special interests have drilled it full of loopholes that benefit narrow constituencies.
The only bright spot is that bipartisan support to reform the tax code is at an all-time high right now. According to one recent poll, 81 percent of Americans say tax reform should be among the top priorities of Congress.