The first is whether Congress would be willing to rewrite the tax code as part of the budget reconciliation process, which would foreclose a filibuster in the Senate and allow the chamber of pass a tax code rewrite with just 51 votes.
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It is possible, though unlikely, that Congress will rewrite the entire code in 2013.
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The new bipartisan deficit committee is set up, in fact, to make it as difficult as possible to fundamentally rewrite the tax code.
But I want every American to know that we will rewrite the tax code so that it puts your interests over any special interests.
Romney wants to fundamentally rewrite the revenue code.
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Lew also said he would work with the committee on a rewrite of the tax code.
By the way, there was fewer problems when the housing and vacation home passive investments were written out of the tax code in the 1986 rewrite and there was a in the recession 1990-1991 timeframe.
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An important question is whether the two sides can reach an understanding on how to use the revenue that a tax-code rewrite could generate.
An important question is whether the two sides can reach an understanding on how to use the revenue that a tax-code rewrite would generate.
The expiry of Mr Bush's tax cuts in 2011 offers the opportunity to rewrite America's labyrinthine tax code in a way that could be both progressive (as Mr Obama wants) and pro-growth (Mr McCain's concern).
Lawmakers of both parties have said the U.S. corporate tax code needs a rewrite and they are aiming to try next year.
White House officials say Obama is serious about a corporate tax rewrite, but he does not seem prepared to take on the individual revenue code as well.
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