Tax Reform in This Election Year: It's Not Likely
Which Credit Card Rewards Does the IRS Care About?Wall Street is scared to death of reform. After all, it had a free for all these many years. Wall Streeters speculated and gambled recklessly and have brought the world to ruin.
Now President Obama and world leaders are not going to take it any more. It is time to change the "rules of the road," as Mr. Obama said.
Mr. Obama convened a high level White House meeting of Democratic and Republican lawmakers, who said they would work with the administration to craft new legislation in a few weeks.
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