Last month, the House of Representatives passed a budget resolution (H.R. Con. Res. 112, 112th Congress (3/29/12)) that included a general call for tax reform along with a few specific reforms. A week earlier, the House Budget Committee voted favorably on a budget proposal that also endorsed the report of Chairman Paul Ryan (WI-R), titled, The Path to Prosperity (3/21/12 committee vote). I've got a short article in the AICPA Corporate Taxation Insider this week (4/26/12) that provides an overview to the tax aspects of this budget resolution and observations on what is missing from the proposals.
Like much talk about tax reform today, most details are missing.
