2:00 pm – Redraft entire tax code

Of course. ‘Cause after he’s through fixing the economy, overhauling health care, reforming the education system, and controlling the weather, he’s got the whole rest of the day staring at him…

Obama Asks Volcker to Lead Panel on Tax-Code Overhaul

March 25 (Bloomberg) — President Barack Obama is putting former Federal Reserve Chairman Paul Volcker in charge of a tax-code review aimed at closing loopholes, streamlining the law and generating revenue, budget Director Peter Orszag said.

Volcker, 81, who heads the president’s Economic Recovery Advisory Board, is being asked to take a top-to-bottom look at the laws in an effort to rebalance the tax system.

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