Tax Reform? Not So Much

On Tuesday, I noticed this in the Daily Tax Report:

"Revenue neutrality is the goal for overhauling all corporate income taxes, including taxes on international earnings, said Lily Batchelder, the chief tax counsel to Senate Finance Committee Chairman Max Baucus (D-Mont.). So, to increase revenue while comprehensively rewriting the tax code, as Baucus has said he wants to do, the burden would necessarily fall to individual taxpayers."

Given that, as a percentage of the economy, corporate profits are at record highs, and employee wages are at record lows, this sounds to me like a good reason to oppose tax reform.