"Today only happens once in a lifetime. Make the most of it."
-Michael Ray, Country Music Singer
It’s hard to believe that it’s been seven months since I blogged about tax reform; I guess I was distracted by IRS service issues. But here we are again and it looks like the stars are aligning for a once-in-a-lifetime opportunity for tax reform. Or in my case, a twice-in-a-lifetime opportunity. I was around in 1986 for that monumental tax act and 15,000 changes later, here we are again. Our legislative process is part of the price we pay for democracy and that isn’t all bad.
(Chess and the legislative process have a lot in common, hence the reference to Knight to H3, the dangerous but noble move Ron Weasley makes to achieve checkmate in the movie, Harry Potter and the Sorcerer’s Stone.)
Magic, however, is not one of the optional responses to the test I’ve given in my tax reform blogs: “What will be the greatest driver of tax reform?”