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A Budget Crystal Ball for 2013

Don’t expect Congress to tackle a tax overhaul anytime soon. For the third year in a row I am not writing a year-in-review column because, honestly, they’re boring and unnecessary. If you’ve been interested enough in the federal budget to read my column in 2012, you...

Chance Of Going Over The Cliff Now At Least 75%

With 17 days as the crow flies before it happens, it's time for me to do something I've been resisting for a week or so: formally increase my odds that we'll go over rather than avoid the fiscal cliff. Back in September I said it was better than 50-50 that no deal...

Tax Reform At The Bottom Of The Cliff

Whatever Congress and the White House do in the next couple of weeks will reinforce the case for tax reform.  The seeming sanctification of low tax rates that occurred with the Tax Reform Act of 1986 has not meant keeping top tax rates low; it has meant only the death...

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