“Energy access, not taxes, is the key to unlocking new revenues for our government,” Gerard said in his annual State of American Energy address.
Many Republicans might agree with him about increasing access, but they also love to cite tax reform as a significant cure for the nation’s fiscal ills. Ultra-conservative Rep. Jim Jordan (R) of Ohio says the individual tax code is “broken,” with too many loopholes, and that the corporate code is “stupid,” with the highest statutory rate among advanced economies.
President Obama, too, says tax reform is vital to fixing the nation’s economy and, perhaps, helping close America’s budget deficit. During the "fiscal cliff" negotiations with House Speaker John Boehner (R) of Ohio, the president tried to get the speaker to take his deal by saying he would endorse corporate tax reform.