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Tax Reform: No Silver Bullet

President Barack Obama. (AP Photo/Nati Harnik)

August 1, 2012

Campaigning in Ohio, President Obama cited a new Tax Policy Center report as evidence that Mitt Romney's plans for tax reform will hurt working class and middle class families, while giving wealthy Americans a whopping tax cut.

What Obama did not mention is how that study also shoots more holes in the popular mythology that some sort of comprehensive "tax reform" will offer the White House and Congress an easy path out of the country's debt and deficit problems.
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