During the next 2 years I believe they will put a tax reform bill on Obama's desk that will be largely revenue neutral for individuals. However, I do suspect they may try to lower taxes somewhat for corporations as many don't feel we're on a level playing field with the rest of the world.
Ok so before the next presidential election you think they will put forth a tax bill that is revenue neutral or pretty close to it.
I guess we will find out. I find it highly unlikely. Caveat, they might do it in a way where they cut taxes on the wealthier segments of society and cut a ton of aid to the poor. I think what we are talking about here is something where everyone's tax burden remains broadly similar while lowering rates and eliminating deductions. That's not happening.