So when do we see real tax reform?

[mpholland]

Now that the House, Senate and oval office are essentially controlled by Democrats, when do we see real tax reform. The only substantive item I can see in any legislation is severely increasing the capital gains tax.

While that may look good in theory, the only thing I see it accomplishing is making the rich borrow against their accounts instead of selling them off. That will just make the bankers wealthier.

Raising the tax rate to 39.6 percent is a joke, aside from being a headline grabber. First, it isn't near enough. Second, 39.6% of zero is still zero. I don't see any real discussion of eliminating loopholes.

Raising the corporate tax? Another losing battle. Ours is one of the lowest in the world, and as we all know, that would just lead to corporations raising prices and trying to keep wages low. They certainly won't cut dividends.

The reason I ask is that I haven't seen any discussion on tax reform here in ages and I am curious what folks think can and may be done.

Thanks