In the wake of fierce debate over tax cut extensions, the White House is considering a push for a massive overhaul of the income tax code. The effort could take years but offers some hope of bipartisan cooperation after years of congressional gridlock.”The objective,” The New York Times’ Jackie Calmes reports, “is to rid the code of its complex buildup of deductions, credits and exemptions, thereby broadening the base of taxes collected and allowing for lower rates,” something recommended by President Obama’s deficit reduction commission. The change is needed, businesses say, because the expense of figuring out how to comply with the complicated tax code is making them less competitive overseas. The debt commission said the change was necessary for the nation’s fiscal health.

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