Options for Tax Reform
by Guest Blogger, 2/22/2005
Last week the administration released the 2005 Economic Report of the President. The report includes - among other details - a chapter on options for tax reform, which the President has expressed interest in looking into during his second term. To look into tax reform options, Bush has put together an advisory panel on federal tax reform; you can see a list of the members of that panel here. Members of the panel met for the first time last wednesday to discuss how they can go about reforming the tax code to make it simpler, fairer, and more pro-growth to benefit all Americans. The panel will submit their recommendations to Treasury Secretary John Snow in July.
Today's BNA news services reports that the Chairman of the panel, former Senator Connie Mack (R-FL), is calling for public comments to be made on problems faced by both individuals and businesses under current tax laws. Comments are requested by March 18th. See this page for more information on how you can submit comments to the panel.
