Maybe next year...

TaxVox reports that the results of the President's Economic Recovery Advisory Board are likely to be less than stellar. Included in the post is the following observation:

From its earliest days, the group was forced to work under impossible constraints. Chief among them: Obama’s insistence that no one earning less than $250,000 should pay higher taxes. Exempting more than 95 percent of families and individuals from tax hikes of any kind essentially shut the door on any serious discussion of reform, which inevitably creates winners and, yes, losers.

This, sadly, is similar to my observations on the matter. It looks like we won't see any significant reform in the near future. No end in sight to massive AMT, endless credits, and a brand new Schedule L, too! Oh goody.

(Hat tip: Tax Update's Joe Kristan)