Bloomberg, Obama Enters Political, Economic Quandary as He Weighs U.S. Tax Overhaul, by Ryan J. Donmoyer & Rich Miller:
President Barack Obama and his economic team are torn over whether to make overhauling the tax system a priority or relegate it to a brief mention in his annual State of the Union address, a top administration official said. They are debating the risks if the plan fails to raise revenue that could be used to close trillion-dollar budget deficits, because the political pain may dwarf the fallout from last year’s health-care overhaul, the official said.
