Political Diary  Why Obama Killed Tax Reform  Aug. 7, 2013 11:04
a.m. ET  Unless the thinking at the White House radically
changes, a grand tax reform deal is dead for this year and
probably for the remainder of this presidency.  The conventional
wisdom is that tax reform's prospects went down the tubes last
year when Sen. Chuck Schumer of New York declared that Senate
Democrats have no interest in a revenue neutral tax rewrite and
that closing loopholes should be used to raise revenues, not to
lower tax rates. The White House and Senate Majority Leader
Harry Reid have said much the same. Mr....  Available to WSJ.com
Subscribers