Filling out the 1040, New York City post office, April 15, 2010 REUTERS/Mike Segar

You’ve got a month left before the tax deadline — April 17 this year — and have you filed your taxes?

Reuters columnist David Cay Johnston has zeroed in this week on President Obama’s proposal to apply a lower tax rate to manufacturers.  It’s an idea that may sound appealing at first glance, but will, Johnston predicts, end up more about defining the word “manufacturing” than supporting true manufacturing and manufacturing jobs.

In the video below Johnston explains his thesis. His full argument can be found in this column . And over at Double Taxation, Toni Nitti  lends his support to the argument, writing :
“even code reform based on good intentions comes with the price of complexity and confusion.”