National Journal cautions that the new York Times is hyping this story about the White House pushing for tax reform in 2011. I say: Hell, it's Friday. Hype away!

While administration officials cautioned on Thursday that no decisions have been made and that any debate in Congress could take years, Mr. Obama has directed his economic team and Treasury Department analysts to review options for closing loopholes and simplifying income taxes for corporations and individuals, though the study of the corporate tax system is farther along, officials said.

Read the full story at the New York Times. My support for the payroll tax cut + tax reform plan is here.