If we would transition to cash-based income, it would simply be a timing difference.

What would we potentially accomplish, for example, just moving to cash-based income?

My whole point--any of the three witnesses think that the U.S. tax system is simple and rational?

Let me also point out. If we would transition to cash-based income, it would simply be a timing difference.

I'd love to hold a hearing on how do we simplify and rationalize our Tax Code

the fact that we don't tax worldwide income that sets up the whole complex issue of transfer payments.

What would we potentially accomplish, for example, just moving to cash-based income?

My whole point--any of the three witnesses think that the U.S. tax system is simple and rational?

I understand the talk about classified versus unclassified for public disclosure, but again, I want to point out we have security clearances.

I understand the talk about classified versus unclassified for public disclosure, but again, I want to point out we have security clearances.

Administrations can ignore it with impunity. Why is that? Because Congress has allowed its oversight role to completely atrophy.