Congress is undertaking broad reform of the tax code—potentially to the tune of trillions of dollars.
As they do so, Montana Democratic Senator Max Baucus and Utah Republican Orrin Hatch have guaranteed lawmakers that any suggestions they make, to save loopholes, for example, will remain secret. All records of suggestion will be stored under lock and key in a National Archives vault for the next 50 years.
Friday was the deadline for submitting written proposals.
Takeaway Washington correspondent Todd Zwillich joins us to discuss why lawmakers want to keep this information under wraps.