Tax reform

For years I've been telling anyone who would listen that the Democrats ought to make tax reform their issue for the second two years of the Obama Administration. A simplified tax code that trades lower rates for a cap on tax deductions for people with high incomes + a focus on taxing consumption rather than saving + a higher estate tax and a high marginal tax rate for millionaires + a carbon tax, all wrapped up in a pro-growth, green, deficit-reducing package. This is a centrist agenda that the Obama Administration can ride to victory in 2012, while solving many of the biggest problems facing our country. Let's hope that this is an indication that Obama is going to take this route.