Michael Petruccelli asks; We hear a lot of talk about tax reform, is action far off?

Michael Petruccelli says; Although the consensus is that the income tax code is complex and provides large subsidies for activities that lawmakers want to favor, much more ground work needs to be done. The House Ways & Means Com. and the Senate Finance Com. have begun the process holding the first rounds of hearings on tax overhaul. This comes on the heels of a report issued last Dec. by President Obama's commission on tax reform that listed a variety of policy options for lawmakers.