As tax day nears, here's some more on everyone's favorite issue. When it comes to tax policy, what really needs to happen is we need to simplify our tax law. I'm not talking about a flat tax. On the contrary, I think we should maintain a progressive tax system, but eliminate many of the ridiculous tax shelters that exist.

In reforming tax laws, we're also going to have to deal with the Alternative Minimum Tax (AMT). Created in 1970 after it was discovered that many high-income households hadn't paid income taxes in years, the AMT is increasingly affecting middle income households, something it was never intended to do.