It's true. It's been more than 20 years since the last tax system overhaul. President Barack Obama says his mission now is to simplify - eliminate loopholes, deductions and many exemptions - in the current tax code within two years. As a prelude to that future massive undertaking, the House and Senate passed an $858-billion bill preventing across-the-board tax increases to millions of Americans until the end of 2012. "We are hopeful that the plan will help create jobs and provide stimulus to the economy," says Wealth Solutions Vice President Chip Bauder.
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