The U.S. tax code last underwent a major overhaul 30 years ago. Today, it is a confusing thicket of narrow carve-outs, parochial preferences, and revenue giveaways. As problems with the existing code and annual tax extenders packages continue to mount, the need for reform grows. Whatever the path tax reform takes in the years ahead, it is clear it will be a challenging endeavor. But, as history shows us, even though tax reform has never been easy, it can be done.

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