Longer term, economists said, streamlining the code might improve the allocation of capital enough to raise growth modestly.
Other things the Republicans will surely relish doing: simplifying a tax code that has bloated to 74,000 pages; streamlining the Code of Federal Regulation that has metastasized to 165,000 pages; slowing entitlement spending.
But streamlining the code is more complicated than it sounds, even before politics enters the equation.
By streamlining the code writing process, Codename One is helping entrepreneurs to dramatically improve their mobile efforts.
"This is the time to bite the bullet, streamline the tax code, and put a price on carbon," Rachel Kyte, the World Bank special envoy for climate change, told me.
The Private Equity Growth Capital Council, a lobbying group, said the spread of pass-through companies had created jobs and helped the economy, arguing that adding another layer of tax by treating them as corporations would run counter to bipartisan efforts to streamline the tax code.
They hold up the tax reform Ronald Reagan passed in 1986 as an example of how to broaden and streamline the tax code, removing its distortions and freeing it from special interests.But within a few years of that landmark act, the pork barrels began to roll again.
During this time, Congress and the president must work to simplify and streamline the tax code so that it is transparent and easy to understand and abide by as well.
Bankruptcy cases, which commonly drag on for a decade, discourage banks from lending and raise the cost of credit.The most urgent requirement, reckons Mr Corrêa, is to streamline the procedural codes that gum up the works.
