Tax Panel Offers "Tough Love" Tax Reform Recommendations

On November 1, the President's Advisory Panel on Tax Reform submitted its report to Treasury Secretary John Snow recommending ways to make the tax code simpler, fairer, and more pro-growth. The panel has been working on these recommendations since January, when President Bush issued an executive order establishing it.

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Service Cuts for the Poor to Finance Tax Cuts for the Rich

Over the last two weeks, Congress has forged forward with plans to enact fiscally irresponsible budget and tax reconciliation bills that together will raise the deficit by as much as $35 billion over the next five years. That such a plan ignores new fiscal strains and the public's changed priorities since Hurricane Katrina seems of little consequence to lawmakers. Despite reaching agreement earlier this year on the elements of a dreadfully harmful reconciliation package, the House and Senate are currently crafting even more appalling (and now drastically different) bills.

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Congress' Reconciliation Work Crowds Out Appropriations

A month after the close of Fiscal year 2005, the Senate has finally completed work on all appropriations bills funding discretionary spending in 2006 after wrapping up the Labor/Health and Human Services bill last week. Conference negotiations with the House, however, remain on eight of the 11 spending bills, and time is running out for Congress to complete the appropriations bills before the stark continuing resolution currently funding the federal government expires on Nov. 18.

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Congress Remains Out of Step with Public in Hurricane Relief Efforts

It has been two months since Hurricane Katrina hit and one month since Rita made landfall on the already-ravaged Gulf Coast, yet reverberations continue to be felt not only in Washington, but throughout the country.

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Study Adds Voice of Low-Income Americans to Debate Over Economic Divide

In the aftermath of Hurricane Katrina, there has been widespread concern that the local residents of New Orleans and other affected communities be an integral part of any and all reconstruction efforts in the Gulf Coast region. In order to embrace a similar approach in addressing deep and persistent U.S. poverty brought to light by Katrina, the Marguerite Casey Foundation commissioned a comprehensive study looking at attitudes of Americans, particularly those of low-income families, before and after Hurricane Katrina.

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Republicans Use Katrina To Push For More Drastic Cuts

The debate in Congress over fiscal priorities has taken a turn toward radical conservatism this week, as the right-wing members of the House Republican Study Committee (RSC) have gained the upper hand in their push for increased cuts in the budget resolution. As Congress returns from its October recess this week, House GOP leaders are planning to amend the budget resolution to include more drastic cuts to mandatory and discretionary spending, ostensibly to pay for rebuilding in the aftermath of Hurricane Katrina.

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President's Tax Panel Hints at its Forthcoming Recommendations

The President's Advisory Panel on Tax Reform met last week, for the first time since Hurricanes Katrina and Rita ravaged the Gulf Coast, and again today, in preparation for making their recommendations for tax reform to the Treasury Department before the Nov. 1 deadline. During the two meeitngs, the panel referenced some loose conclusions it has reached on tax reform, mainly with regard to the alternative minimum tax, and to scrapping deductions for homeownership, employer-provided health insurance, and state and local taxes.

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