February 4, 2013 01:37 PM | | Bookmark and Share

End Tax Sheltering of Investment Income and Corporate Profits and Limit Tax Breaks for the Wealthy: There are at least three major categories of tax reforms Congress could pursue to raise revenue. They include ending tax breaks and loopholes that allow wealthy individuals to shield their investment income from taxation, and ending breaks and loopholes that allow large, profitable corporations to shift their profits offshore to avoid U.S. taxes, and limiting the ability of wealthy individuals to use itemized deductions and exclusions to lower their taxes.

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