Some, but not many, tax loopholes would be opened by the proposal, accountants said.
As a result, he said, members of Congress are not rushing to open a wider tax loophole for these funds.
But doing something about tax loopholes for big business and the super-rich would be a fair start.
It's easy to say to close tax loopholes for the rich.
Joking aside why do you think these tax loopholes exist in the first place?
Surely, this is the first time in history a political figure has been criticized for not taking advantage of a tax loophole.
"Average homeowners now have a tax loophole they can drive a truck through."
And so, should we keep tax loopholes for big oil companies?
If they were, the tax loophole would have been unborn.
It's one of the biggest legal tax loopholes that the rich use.
That compares with a tax gap of 2.4 percentage points for its peer group.
But the tax gap is about far more than a few bad actors.
And guess who usually ends up filling the tax gap?
For 2006, the tax gap was estimated to be $450 billion.
The tax gap is in the news as the government struggles with the deficit.
A more serious effort to reduce the tax gap appears unlikely, two senators said yesterday.
The tax gap in 2006 was estimated to be $450 billion.
Some of the most commonly used indicators are so-called tax gaps.
It's like a huge tax gap and - anyway, that's for another debate.
This president in the last debate said that would be a big tax gap if we did that.
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