Follow The Money

by Patrick Appel

Howard Gleckman is still pessimistic about comprehensive tax reform. He thinks "tax reform is going to happen, and relatively soon," but "not in Obama's first term." Among his reasons for holding this belief:

We have learned a lot in recent weeks about who funded those non-profit outfits that plowed tens of millions of anonymous money into this year’s congressional campaigns. And much of the cash that found its way into the coffers of successful GOP candidates came from two sources: Wall Street and energy producersamong the biggest beneficiaries of special interest tax breaks. These folks paid good money to protect their subsidies. And I suspect they’ll get what they paid for.