The Baucus caucus

According to The Washington Post, an effort to overhaul the entire U.S. tax code is already underway. It brings together an unlikely pair of lawmakers -- Sen. Max Baucus (D-MT) and Sen. Orrin Hatch (R-UT). They Post reports, they want to produce a plan by August.

David Williams, president of the Taxpayers Protection Alliance, discussed that and other top tax topics with Capital Insider.