This is what they should be doing

Forget radical change. They should be making common sense reforms.

"Following through on a campaign promise to stop rewarding companies that send jobs and money overseas, President Barack Obama on Monday called for eliminating various loopholes that benefit offshore tax havens and ratcheting up overseas enforcement, which he said could save $210 billion over a decade and encourage more job creation at home."

http://www.miamiherald.com/news/politics/story/1031995.html

Our system is fine. We simply need to make it fairer and more efficient.