Here's the latest on their ideas:
Lower the rates, widen the base and add a consumption tax? All ideas I support, but lower rates plus a new tax that tends to be regressive could upset liberals looking for additional tax rates on millionaires. Read the full story at WSJ.
Speaking at the Wall Street Journal's CEO Council in Washington, Ms. Rivlin said the proposal would have a "much simpler, lower [tax] rate, broader base income-tax and corporate income tax with a considerably lower corporate tax rate that will bring us back into the range that other countries are in."
She also said the proposal would "phase in a broad-based consumption tax."
This article available online at: