Lawmakers in Washington say they are committed to reforming the tax code so what will happen? … What are their ideas, how likely is reform and why is it needed? We look at the issue of tax reform in this week’s five things.

A roundup of this morning’s must-read budget and economic stories.

A roundup of this morning’s must-read budget and economic stories.

Today, Senator Conrad, the Chairman of the Senate Budget Committee, submitted the Simpson-Bowles plan in the form of his budget for the committee’s consideration. But there’s a catch.

Today, April 17th, 2012 is tax day. It marks the end of fiscal things 2011 for individuals across the country, and the beginning of fiscal year 2012 work for accountants everywhere. You’ve (hopefully) paid your taxes. But, how have things changed in the past year?

A roundup of this morning’s must-read budget and economic stories.

A roundup of this morning’s must-read budget and economic stories.

A roundup of this morning’s must-read budget and economic stories.

A roundup of this morning’s must-read budget and economic stories.

It’s time for Washington to realize spending in the tax code is the same thing as a direct government subsidy.